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An exploration of the relationship between training grants and the profitability of UK construction companies

journal contribution
posted on 05.03.2009, 11:54 by Mohamed Samir Abdel-Wahab, Andrew R.J. Dainty, Stephen G. Ison, Guy Hazlehurst
A levy/grant system exists in the UK construction industry to provide financial support for companies undertaking training activities. With the current UK government skills policy, there is an emphasis on ensuring that training support provided to employers is aimed at enhancing companies’ profitability. This paper explores the profitability of construction companies in relation to training grants. Inferential and descriptive statistics were used to analyze a uniquely combined dataset over the period 2002–2005. The research revealed that there is not a simple linear relationship between training grants and profitability. However, large and more profitable companies claimed more training grants in relation to the following areas of training: management, qualifying their existing workforce (certifying the skills of their existing workforce) and developing training plans. The authors argue that training grants should be targeted and focused towards specific areas of training if profitability gains are to be achievable. Future research should consider training grant utilization within the context of construction companies in order to ascertain the real contribution of training grants to their profitability.

History

School

  • Architecture, Building and Civil Engineering

Citation

ABDUL-WAHAB, M. ... et al, 2008. An exploration of the relationship between training grants and the profitability of UK construction companies. International Journal of Training and Development, 12 (3), pp.188-205

Publisher

© Blackwell Publishing Ltd / © The Authors

Version

NA (Not Applicable or Unknown)

Publication date

2008

Notes

This article is Restricted Access. It was published in the journal, International Journal of Training and Development, and is available at: http://www3.interscience.wiley.com/journal/118507066/home

ISSN

1360-3736

Language

en

Usage metrics

Loughborough Publications

Keywords

Exports