“Leadership Training and Development: Should you Eliminate it During Economic Downtimes?”
It’s time for that dreaded budget planning meeting again. We all know how that goes it is time to “pinch pennies”, “tighten the boot straps”, eliminate, eliminate, eliminate. We know that there are certain areas of the business that cannot be eliminated. After all, we cannot eliminate payroll, our employees need to get paid. We do not want to eliminate key business functions, so what is the answer? I know what you are all thinking and I am sure you have been there. Here it is; the conversation we have all heard, “we have to eliminate training after all it doesn’t affect our bottom line”. Well, that is a typical response, but I would challenge you to ask yourself if it really does have an impact on the bottom line?
I would ask you to think about the leaders in your organization (or in past organizations) while you read the remainder of this article. Consider the leader that doesn’t know how to motivate his employees? Are those employees working at their full potential? Are they producing at the very highest for the company? I would suggest they are not. Those employees that are not motivated often are there at work to get through their time. They may not be putting in extra discretionary effort which would often impact the bottom line.
What about the leader who doesn’t know how to effectively delegate to the employees? Does the manager do most of the work himself and then complain that the employees are not doing their job? What happens as a result is that most employees become frustrated along with the leader and the work performance suffers. This has an effect on the bottom line.
Now let’s think about those leaders who do not know how to measure performance? Are the employees working on the right things? Do they know what they are? This too can lead to poor numbers within the business. If employees are not given clear measureable objectives then how do they know exactly what they are supposed to do? Many leaders wait until the end of the year to tell them what they haven’t done right but failed to give them clear measureable (SMART: Specific, Measureable, Achievable, Results-based, Timing) indicators of how they should perform all year long. This too leads to waste on the job by having employees spending time wondering what they are supposed to do instead of knowing exactly what is expected of them and working to achieve it.
What about the leaders that do not understand there are different personality preferences on the team. Do they take the time to get to understand the people on their team? By learning about the individuals and how each has their personality, strengths and weaknesses they could leverage this understanding within the team. Leaders need to know their employees and by doing so they will find ways to have their team work together and develop an understanding of one another. This will ultimately help the business.
There are many other areas that we could ask ourselves when thinking about leaders in our current or past organizations. Now thinking about these leaders and if they had done some of the above well, how do you think it would have impacted your daily work? How much wasted time would have been eliminated? If you were motivated early to work for that leader would you have given them more during your work hours? If your leader understood you as a person what would that have done for you during your work day? Would you give more effort for the leader that took the time to understand you? What about the time you spent wondering what to do at work because you didn’t have clear objectives (SMART)?
All of the questions listed above and many more lead us to the following question: Can you afford to eliminate training and development for the leaders in your organization even during economic downtimes? I recently asked the question about leadership training during economic downtimes on the Linked In website. Below are a few of the responses I received:
”There is a great lack of leadership skills in the corporate world, and they need to invest in it in both good times and bad”
“In addition to building internal capacity and sending the message that leadership is important, it can be helpful for keeping up morale”
“Invest in your people, and they will invest in you. Not just your leaders but everyone in your company can benefit from training”
“The benefits of investing time and energy to educate your employees, is an investment in the future”
"People don't leave companies, they leave managers"
“Good management and leadership skills are essential success factors for any company that is interested in becoming an employer of choice”
“In today’s economic times, effective leadership, now more than ever, is critical. My belief is that anyone can lead in good times; it’s in the challenging times that good leaders truly stand out”
“Companies that continue to invest in leadership development will be well positioned for success and growth when the economy turns. They will be able to respond faster and capitalize on the changes in the market”
Reading the comments above helped to reassure me that leadership development and training is still important. I feel it impacts more than we can see on a daily basis at work. I would encourage you to take the time to look at the leaders in your company and ask yourself is this the time for me to eliminate training and development?
If you would like information pertaining to training with leaders in your organization, please contact Candice Reyes at creyes@prohrconsulting.com or (248) 563-0338.
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