Irish Companies Move towards a Knowledge Economy

Today’s corporations know that knowledge is power and this is what gives companies the edge in any marketplace. A recent study found that 75% of corporations believe knowledge management plays a significant role in improving a company’s competitive advantage. Irish companies are now acknowledging the benefits of moving towards a knowledge economy as this is the way forward to grow and develop their business.

Recent studies have found that by 2020, 60% of jobs will require skills that only 20% of the workforce possesses. In response, some companies will simply lay off employees with outdated skills, and then hire new ones with the necessary skills – a process that is both expensive and ineffective. The cost of replacing an employee is estimated at approximately 1.5 times an employee’s annual salary, which can translate into a significant expense for employers, especially when it comes to high-tech workers according to a study by the Hudson Institute.

Now more than ever many companies are turning to their training departments to help build and maintain there employee’s skills and credentials to a higher level than before. While training used to be viewed as a relatively minor function, it now plays a much more strategic role. Rather than being an isolated event or series of static events, training is now part of on-going professional development and its being integrated at all levels of a company.

Nvolve Limited based in Donegal specialise in providing training management solutions to organisations across a range of industries including pharmaceutical, medical devices, manufacturing, finance and food & beverages.

Nvolve Limited understand that it is imperative for the learners to get the training they need to increase knowledge, develop new skills, and improve personal productivity by combining classroom learning, elearning and mobile learning technologies coupled with the powerful features of Nvolve’s learning management system. Nvolve have become a market leader in providing a truly paperless blended learning solution that enables their clients to establish return on investment from training activities.

To find out more please feel free to contact Nvolve on +353 7491 16000

Nvolve Limited (UK, Ireland, North America) are specialists in the development of learning technologies including learning management systems, Learning content management systems, elearning, blended learning, training keypads and handsets, talent management and data systems. Their focus within elearning is Food hygiene, HACCP, Health & Safety, Food Manufacturing, Pharmaceutical regulations, Medical Devices, IT Regulations, Compliance. Contact Nvolve on +353 7491 16000

Nvolve Limited
BDC, LYIT, Port Rd, Letterkenny, Co. Donegal

Nvolve Limited specialise in providing training management solutions to organisations across a range of industries.

By combining classroom learning, elearning and mobile learning technologies coupled with the powerful features of Nvolve’s learning management system, Nvolve have become a market leader in providing a truly paperless blended learning solution.

This release was published on openPR.