There’s an interesting ebb and flow that takes place in training circles as organizations are affected by economic impacts that place them in either an employer- or employee-driven labor market.
In tight economic times, when talent is readily available, some organizations cut back on training. Unfortunately, once the economy picks up and talent pools diminish, these organizations find themselves at a distinct disadvantage.
Having the right leadership mind-set is critical to ensure a workforce that meets organizational needs.
Minding the Ebbs and Flows
In terms of training and development, “the companies that are leading the pack are those that have the foresight to see the ebbs and flows of the marketplace,” says Jodi Low, founder and CEO of U & Improved, based in Scottsdale.
“The economy will have spikes and dips, booms and busts,” Low says. “Those that realize that investing in their people’s personal and professional growth isn’t an optional line item, but rather an absolute necessity, will ride any waves and downturns because they have positioned themselves and their people to do so.”
Cultivating the Right Leadership Mind-Set
What leading companies do in terms of how they approach training and development is less important than how they think, says Low. That mindset is what sets top companies apart, she says. These top-tier organizations, she says, are “those that not only invest in leadership development training but seek out experiential training that has proven sustainability.” Continue reading here…
Source: HR Daily Advisor