The research discusses that recession has not been particularly hard on T&D , but rather every area of the business. It also discusses how T&D is not the only element to provide motivation to employees but elements like recognition and progression are considered extremely important by employees. The findings provides new insights to the literature that is already present and can be investigated further with a larger sample size. To consult more Economic essay sample, please see at: Bộ Luận Văn Thạc Sĩ Kinh tế | Master Thesis in Economics: An empirical study on the impact of recession on training and development in small to medium sized firms in Ireland