Jan 29, 2010
The Real Cost of Learning
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 people are now weighing up the current recession and its effect on traditional education systems. Consistent reference is being made to the strategies to survive adopted by parents, educators and students in the recession of the 1990′s.
Analysis suggests that the money spent on education and schooling overall could on average be up to 40 percent of the entire household disposable income. With the hardening attitude towards mortgage allocation and bank lending, this figure could increase as young people stay with their parents for longer and extend their education programs – almost as a by product of something to do until things start to get better.
With families focusing increasingly on the cost of living, along with many companies cutting back on training and development programs – it’s pointless spending money on training when you don’t know for certain that the person won’t be made redundant – it’s small wonder that many people are now reviewing their method of personal development and the subject matter in which they study.
Banking, public services and the like have historically been considered long term stable employers and attracted people in accordance with that. Over the last ten or so years this has been largely superseded by the perception of positions on offer within the IT industry.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 methodology utilising 24/7 remote access to highly skilled lecturers adds weight to the strategy and the final result is certification in a field that is widely sought after throughout the world. Along with easily quantified salary and career structures it is little wonder that IT training is so attractive.
As many people are unsure of their future, (whether early on in their career or mid-way through life), home-based training in subjects such as IT can often be seen as a superb, low cost, easy paced development program. Skills can be gained that are readily accepted anywhere in the world and are highly resilient in a changing economic environment.
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