Leadership Learning: The Real Costs Of Not Doing Leadership Training

De BISAWiki

A written report from your Said Business School at Oxford University in the united kingdom observed that public sector agencies and British businesses are losing nearly $140 million on government education programs that are delivered and poorly conceived. <br /> <br />The analysis continued to mention that 35 per cent of HR directors and 21 per cent of other executives thought that their recent training and development programs were achieving corporate strategic goals. The majority of the amount of money was being spent on individually designed courses for senior executives. <br /> <br />If these businesses wish to quit wasting all that money on poor management training, I know where they are able to obtain moneys worth. And it generally does not have something to do with having more teachers design trips for senior staff, events, and special classes. <br /> <br />Here is a novel strategy folks. Why not spend your hard earned money on development and leadership training down in the ditches, where it will really do some good? <br /> <br />Many businesses do not do not exactly enough of that. In 2003, only 7 percent of training finances in the US were allocated to first line leaders and most of that was for understanding administrivia and for prophylactic HR. <br /> <br />Truth be told that front line leaders do not get much training whatsoever and precious little of it is actually about leadership abilities. Perhaps that is because businesses feel they are saving cash by perhaps not purchasing front-line leader training. <br /> <br />True, there's no budget line item absorbing resources that might be spent on the executive dining area, or art for your CEO's office. But you can find what economists call 'opportunity costs,' the expenses of perhaps not training front-line leaders. <br /> <br />There is the chance cost of lost efficiency. Good front-line leadership generates both success and morale. <br /> <br />There is the chance cost of lost leadership. Great companies create nearly all of their own leaders. If you have to go outside for leadership you get change costs and hiring costs. <br /> <br />Finally, there's the cost of lawsuits. Good front-line leadership generates companies where lawsuits are not as likely. And, ff the organization is sued over a supervision issue, defense is going to be easier if the leaders have been doing their jobs. <br /> <br />What about your organization? Does one develop your own leaders? Do you help them develop the abilities they should avoid lawsuits and boost morale and productivity? Think of that the next time you consider the training budget. <br /> <br /> <br />