Learning – the Real Cost
Thursday, October 29th, 2009
Recently published long term studies have indicated that on average, it costs a total of 193,000 pounds to bring up a child in the UK – equating to approximately 26-28 pounds each day. This news was received with a swathe of cynical reactions from long suffering parents, few of whom were totally shocked.
Many pundits are now evaluating the current recession and its effect on traditional education systems with consistent reference to the strategies to survive adopted by parents, educators and students alike in the recession of the 1990’s.
Analysis suggests that on average up to 40 percent of the entire household disposable income is spent on education and schooling overall. With the hardening attitude towards bank lending and mortgage allocation this figure could rise as our young people stay with their parents for longer before leaving the nest and lengthen their education programs – almost as a by product of something to do whilst we wait for things to get better.
With an ever increasing family focus on the cost of living, alongside many companies cutting back on training and development programs – it is pointless spending money on training when you do not know for certain that the person will not be made redundant – it is small wonder that many people are now reviewing their method of personal development and the subject matter that they study in.
Historically, public services, banking and the like have all been thought of as stable long term employers and attracted people accordingly. Over the last decade or so this has largely been superseded by the perception of employment offered within the IT industry.
Unlike training in the motor industry or engineering, where key skills often have to be gained in a practical environment, IT training can be predominantly home based. Whilst it is difficult to transport a complete car production line into the home, computer based training is easily at hand. Developments in the intellectual property field such as IT have grown exponentially as a result of this and the continued enhancements in the way the skills are taught and learnt.
New training methods using round the clock remote access to highly skilled lecturers adds weight to the strategy and results in certification in a field that is widely sought after all over the world. Along with visably quantified salary and career structures it is not surprising that IT training is so attractive.
Many people are unsure of their future, whether early on in their career or mid way through life. Home based training, for example in IT, can often be viewed as a highly effective, low cost, easy-paced development program; gaining skills that are sought after all over the world and very resilient in a volatile economic environment.
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