Slashing Training budgets.
Short Term Gain, Long Term Pain.
Skill sets are not keeping pace with corporate and technical development.
Slashing budgets earmarked for training and personal development programs
in downtimes can result in you or your company at a competitive disadvantage
when the economy and demand turns around these dollars wisely spent can
result in savings in the long run.
The belief that unspent training dollars are saved is a misconception.
The speed required to respond to increased customer demands can result in
spending of saved training dollars and considerable more in restarting the
development process in yourself and employees.
Companies may lose market position and end in a considerable market disadvantage.
Experts say "If you're ready to go when the market picks up you'll be ahead of
your competition".
An individual will be ready to exceed the demands of their career.
Waiting for the recovery before restarting personal development programs is
not an option for those on the success career path.
Even now companies in many sectors are having trouble finding employees with needed
specific skill sets. Outsourcing can help but outsource providers have the same problem
in providing required expertise from a diminishing talent pool. When recruiting or
being recruited personal development plans are an important aspect of the hiring process
for both the prospective employer and employee.
Many Managing Directors of respected industry leading companies believe:
"If training is not part of your employee development plan or your employee curriculum
you are going to lose staff".
On the employee side you are going to move more often if it's not in place.
Training is an important way to demonstrate the employee's commitment to the job and
the employer's commitment to invest in staff and to continue to build upon their skill sets.
The one skill set that is the base upon others is built is personal communication,
interpersonal verbal, presentation skills and written skills.
Verbal interpersonal communication and presentation skills are the key to well
developed self esteem and resulting self confidence. Even if you never have
contact with customers or make presentations an employees self confidence and a
satisfactory ability to express them effects their relations with fellow associates,
supervisors and employers. It is the lubricant in the personal growth process
that leads to attaining objectives of both the employee and employer.
Cost efficiencies can be achieved by monitoring outcomes achieved by personal
development plans and the resultant training. Employers and employees can be
careful that courses are substantive and result in true measurable outcomes and are
not just "entertainment" under the guise of "motivation".
Lesson plans and course outlines must be provided before approval of the course.
While technical skill sets development is an important part of personal
development plans so-called "soft skills" such as personal communication should be included.
A balanced program should be structured to include:
- Technical training
- Management Development
- Supervisory skills
- Organizational development
- Communication skill sets
- Conflict Resolution
- Time Management
Training is an investment NOT an expense.
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