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Economic Downturn Is A Time For Training And Certification
By Jeffrey HS Lee

In boom time, training and certification may lead to salary increase. Obviously, the direct impact of training is improved or higher skills for the person and hence leading to higher productivity in their job. Higher productivity and job performance often leads to promotion to a more senior or responsible position and that implies more salary.

However, in an economic downturn, salary is often frozen or cut. That does not mean a person should not invest in training and certification. In fact, it may be even more important! Training and professional certifications, like IT certifications, provides better job security. If the worst should happen and a person needs to look for a new job, IT certifications make the person more marketable in the talent marketplace.

Having a recognised certification can be your differentiator to clinch that job. IT training and certification

 

like PMP, Foundation or Expert is widely recognised. Some employers actually specify certification in their job advertisements. For new or fresh graduates without relevant job experience, this could be your differentiator over your cohort and makes you stand out from the rest.

A good example can be seen in Singapore. The Singapore government truly recognises the importance of training and certification, more so in an economic downturn. Training incentives and funds are provided to enable IT professionals enhance their employability and to improve their organisations' competitive advantage. trainings, leading to approved certification, are included in this programme. Up to 80% of training and certification fees are reimbursed to the students when they complete the trainings and obtain their certifications. During the economic downturn, other schemes are introduced to help employers cut cost and save jobs. In one such scheme, employers are given funding when they send workers for relevant trainings. This allows workers to upgrade their skills so that they become more employable and able to convert to new jobs. Instead of getting rid of the workers, it helps employers to weather the downturn and prepare for the economic recovery that will eventually come.

So, don't let this downturn stop your investments in trainings. Continue to invest in people and on trainings and projects that help to improve service quality and helps create a competitive advantage.

Jeffrey Lee is a IT Service Management (ITSM) consultant and ITIL trainer

 

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