What effect is this recession having on the consultancy and training business?
It is obvious that budgets are becoming tighter and ‘spending’ is now being reconsidered. We have learned that training for civil servants in Finland was cut by 90%! On the other hand we also have heard stories where staff was offered training for further professional development or for job retraining instead of being laid off. It is very interesting to study how management is reacting to this situation.