When the going gets tough, the first thing to normally go off the budget is training. If you are thinking of this, then be warned! Recent research by the Chartered Institute of Personnel Development has shown that this can be false economy. Those firms that do not train are two times more likely to fail.
During a recession, people are fearful of the future and morale may be low. Well planned, evaluated and integrated training can lead to higher productivity and higher profits.
One of the questions we ask on our leadership courses is ‘What percentage of your employees’ potential, do you think you achieve on a daily basis?’ The most common answer is 60%! What answer would you give?
Imagine what it would mean to your business if you gained a further 5 -10% productivity from your team on a daily basis. A highly skilled, knowledgeable, motivated, and well managed team can be the difference between success and failure. The important thing in achieving that is identifying training that gets the results you need.
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