Recent research stated that companies which don’t train staff are twice as likely to go out of business as those which do.
17.03.08
The research also highlighted that 38% of organisations are intending to make some redundancies in coming months.
Steve Benfield, Principal Consultant of The Beech Consultancy comments “What often happens in a downturn is that companies cut training and longer term investments. And companies will either lose valuable talent or this talent becomes wasted.”
Steve adds, “And not only this but it can often fuel further a national economic decline. It’s often short sighted to cut personal development, especially if a downturn is short lived.”
It’s during these times that you need to focus on greater performance levels. Steve advises “Although companies may reduce headcount, they would be wise to invest in their top talent. Companies need managers who will not panic and who are focussed on increasing individual and team performance.”
(Source: Director Magazine - Take the higher ground)
A leader is best when people barely know he exists. When his work is done, they will say: 'We did it ourselves.'