rss icon Subscribe
desktop mobile

Over 40% of Maritime Firms Fail to Fund Training

Posted by Michelle Howard

Global research recently conducted by Lloyd's Maritime Academy has revealed that over 41% of people surveyed still receive no funding from within their business for training, with a mere 20% stating that they receive 75-100% funding.

Following over 500 responses from professionals around the world and from different sectors of the maritime industry, the research also highlighted that there is still an alarmingly high percentage of companies experiencing a retention problem. Ted Bailey, Head of Digital Learning at Lloyd's Maritime Academy states: "Given the funding figures it comes as no surprise that we had 40% of our respondents answer yes to the question: 'Is retention a challenge for your business?'. The industry clearly has some way to go with regards to retaining talent and career progression."

Early 2019 saw the UK's Department for Transport set out its vision for people in maritime as part of its 'Maritime 2050: Navigating the Future' strategy document. Here it was noted that a solid partnership between universities, training institutions, government, regulators and maritime companies is critical if the UK is to provide the training needed to maximize the maritime workforce's global footprint at sea and on shore, long into the future.

Ted continues: "This type of futuristic outlook is encouraging, and everyone involved in the industry needs to champion the vision. The sector to date hasn't been particularly effective at long term succession planning - if it was, then training would be a far greater and higher priority.

Companies need to be demonstrating more commitment to training and invest time in mapping out a variety of career paths to not only help attract new people but ensure that the talented individuals they already have within their business stay for the long-term."


Sep 6, 2019

 

People & Company News

France and Italy Christen Naviris

Photo: Naval Group

The intergovernmental agreement signed between French and Italian States to establish Naviris

Busan Builds Logistics Center in Rotterdam

Image: Port of Rotterdam

South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung

Cobham SATCOM Announces Software Upgrade

Photo: Cobham

Cobham SATCOM has announced the launch of its latest software upgrade for SAILOR 4300 L-Band

Education/Training

Have You Taken the MarTID 2020 Survey?

© Igor Kardasov / Adobe Stock

There's still time to complete the third annual global Maritime Training Insights Database

HII Celebrates the Centennial Graduating Class

Former Chief of Naval Operations Adm. John Richardson delivers the commencement address that commemorated the centennial graduating class of The Apprentice School at Newport News Shipbuilding, Feb. 22, 2020. Photo by Ashley Cowan/HII

Huntington Ingalls Industries (HII) hosted commencement exercises on Saturday for 145 graduates of

MarTID 2020: Take the Global Maritime Training Survey

© Igor Kardasov / Adobe Stock

The third annual global Maritime Training Insights Database (MarTID) survey is officially open

Maritime Apps