Another phase of the federal and provincial governments’ commitments to developing a competitive workforce rolled out last month. The Canada-Ontario Job Grant is the newest funding support for businesses to invest in their workforce. You’ve probably heard the quip where one manager said “What if we train them and they leave?” the other manager replied “What if we DON’T and they STAY?!”
In 2008 increased unemployment rates from company closures and departmental layoffs had companies running on bare bones to stay afloat. The recession’s hit to our labour market promised a long recovery for some industries and the repercussions influenced many businesses to step away from the cost of staff development. Investing in staff training fell off the ‘budget agenda’ in most workplaces, but at what risk? Businesses without a trained workforce lose their competitive edge in this already aggressive business environment of new start-ups and improved and innovative products taking over marketplaces. Adding to the mix is the potential loss of employees who leave work environments for places that invest in employee learning.
The Canada-Ontario Job Grant lets businesses invest in their employees’ skills to support a healthy, knowledgeable and growth-oriented workforce. From the most fundamental training such as soft skills, to technical and industry specific training, employers can apply for funding approval.