Our employees are our greatest asset, and we recognise the importance of training and development in benefiting them as individuals, but also in strengthening the organisation as a whole. Our training approach is focused on providing autonomy for employees and we are pleased that our colleagues recognise the quality of their training to be high and feel that the opportunities for advancement are aligned with their ambitions. This has been further supported by the launch of the Sirius Training Centre in October 2022, which has centralised our training and development function, including the Sirius Academy. Located in the new Berlin office, it provides both physical and online access to a wide range of learning and development resources accessible by both our German and UK teams.
The Sirius Training Centre facilitates knowledge sharing and enables our many colleagues to obtain qualifications or exchange ideas, which in turn promotes collaboration across business functions and geographies. The training caters to diverse requirements at multiple levels throughout the organisation covering mandatory ethical and operational subjects, as well as management development programmes and bespoke training.
We have continued to invest in and grow the offerings available, which has led to an increase in both the spend and the total training days achieved during the year to March 2023 for Germany.
For BizSpace, the focus on business integration has meant that training and development activities have been primarily focused on on-the-job training versus classroom-based training. We acknowledge the need to continue to invest in our colleagues’ professional development and will use the Sirius Training Centre to support focus and growth in this area going forward.
In addition to training and development investment, we work to leverage the unique and multicultural dynamics of our business through an exchange programme, which sees a cohort of team members from our German and UK businesses spending time in each other’s workspaces. A core part of this is the incorporation of peer mentoring to support the workplace training programme and to enhance outcomes for tenants and wider stakeholders. We will continue to develop, extend and grow our programmes and will be setting targets for total training hours in Germany and the UK during FY2023/24 in order to underpin our future investment in this area.