A recent survey published in the Wall Street Journal indicated that 23% of companies have cut training programs, and another 18% planned to do so in the next year. However, during a recession, employees are less likely to jump ship because of the increased uncertainty in the job market. Therefore, I think the prudent thing to do is to continue to invest in employee and leadership development, as it will benefit the company's ability to navigate these challenging economic times. Further, it will equip your employees with better skills that will dramatically affect the way your company responds to market opportunities when the economy begins growing again.
I encourage you to carefully consider any cuts to employee development programs, and if you are a young professional - push for more opportunities to enhance your skill set. It will be worth it.
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1 comments:
This is true about Employee development and elearning, those two can be very expensive. Good thing there are some softwares right now that can give cost-effective programs that are appropriate to the specific needs at a low cost.
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