Recent News

Weather the economic climate by up-skilling your staff

09 Feb 2010

We have a unique situation in South Africa in that whilst we are struggling to cope with volatile markets, serious skills shortages still exist. Showing valuable employees the door is leaving companies without the vital skills required to either deal with the current economic turbulence or to pick up the slack once we start to ride the inevitable upswing.

Johan Wasserfall, CEO of Eduloan, believes that the best answer for companies facing these issues is to start investing heavily in upskilling the staff they already have: "The benefits of upskilling are obvious - firstly, the staff are already there and don't need to be ‘shipped in'; accordingly, their key strengths, weaknesses and areas of skill have already been ascertained, and with a bit of human resourcefulness it is quite plausible to steer them into a position for which they are intrinsically suited by educating them, upgrading their skills and providing them with practical, ‘on the ground' experience."

Even in turbulent financial times, upskilling remains a key factor in determining your company's ability to match future demand for skills and resources. The capabilities and skill level of your staff complement will determine whether your business is able to fully leverage the opportunities presented by an improving market place. "Education remains a crucial foundation to the economy," concludes Wasserfall, "The long-term benefits of implementing an internal upskilling programme far outweigh the initial financial investment required."

Eduloan is South Africa's exclusive education fund enabler, bridging the gap between employers and uneducated South Africans. Through partnerships forged with government, corporates and South Africa's tertiary education institutions, Eduloan facilitates the automatic deduction of study-loan repayments directly from the salary of its students or their sponsors, over to their institution of learning. By offering bespoke and affordable loan agreements to its students, Eduloan is focused on empowering South Africans through learning, in so doing building a globally competitive nation by creating access to further education.

Through the management and dispersion of study loans and the addition of a unique educational fund management programme, Eduloan assures the provision of funds for education are more efficiently and successfully managed. Students who wish to study in 2010 are urged to contact Eduloan before registration in order to assess their education funding requirements. For more information call Eduloan's Client Services Department on 0860-55-55-44 or visit: www.eduloan.co.za.

Editorial Contact:
Jessica Wheeler
Kezi Communications (Pty) Ltd
Tel: 011 616 1860
jess@kezi.co.za  
www.kezi.co.za

« back to Recent General News list

In this section:

Eduloan Educational Loans Student Loans
Edu-Loan (Pty) Ltd is a registered credit provider NCRCP158  |  (Reg No: 1996/003961/07) in terms of Section 92 of the National Credit Act 34 of 2005  |  © Copyright Eduloan 2010