False Economy of Cutting Training in a Crisis

 It is said that anyone can sail a ship in calm waters, but when things get rough, you need strong, competent leadership. Do we have that capability when needed? The current climatic crisis in this country highlights this.  It is in these difficult times that good leadership is essential to maintain morale, keep the creative strategic juices flowing and gain the best performance from employees.

An article in The Times Business Education reported this weekend (9/2/14)  that companies that cut their training during the financial crisis realised it was a false economy. Learning and development was reduced by a third on average between 2008 and 2009.

Training is an easy target for the financial department looking to cuts costs; however the long term impact of doing so can be far more serious. The UK, anyway, has a much lower percentage of formally trained managers than some of its competitors.

We are very fortunate to have been working locally with forward thinking companies, like Dorset Cereals, Fudge’s Village Bakery and Tony Benger Landscaping, that have continued to invest in their people and are seeing the rewards of this. They are now in a much stronger position to manage the up-turn and respond to change.

If you want to grow your business and invest in your current and future leaders, then it is important to invest in the right learning and development. We can help you determine that and offer a free Development Needs Analysis. Our practical solutions and follow through ensure that you get the best return on your investment and the development your business really needs.

There is funding in the Growth Accelerator programme, subject to eligibility. We are currently working with three businesses which have taken this option and are benefiting from strategic coaching and leadership training.

Give your team and your business the best chance of success by investing in essential and pragmatic leadership development. To find out more, contact us.