subject: Leadership Learning: The Real Costs of Not Doing Leadership Training [print this page] Business School at Oxford University in Britain said that a report found that UK business and public sector organizations around 140 executive education programs that are poorly made and imagination million dollars are wasted.
Study went on to say that 35 per cent of HR directors and 21 other officers believed that their current training and development programs, corporate strategic objectives were completed. The bulk of the money spent on courses for senior executives were being developed separately.
If those bad management training for businesses that want to quit wasting all this money, I know where they can get their money's worth. And academics to be more specific courses, with events designed to do nothing, and out to senior staff.
Here's a novel idea guys. Why spend your money on leadership training and development trenches, where it will be some really cool down?
Most companies do not do that nearly enough. In 2003, only 7 percent in the U.S. budget was spent on training front-line leaders and that prophylactic administrivia was to learn and for most of human resources.
The fact that all the leaders of the front line and it does not get precious little training is really about leadership skills. Perhaps it is because the companies they invest in training front-line leaders are saving money by not.
True, there is no budget line funds absorb the executive dining room, the CEO's office or can be spent on art items. But there are what economists "opportunity cost," says no-cost training front line leaders.
There is the opportunity cost of lost productivity. Frontline makes good leadership both morale and profitability.
There is the opportunity cost of lost leadership. Most large companies develop their own leaders. If you go out for leadership recruitment costs and transition costs you incur.
Finally, there is the cost of lawsuits. Well organizations where front-line leadership makes lawsuits less likely. And, ff the company sued a supervision issue, the defense might be easier if the leader will be doing my job.
About your company? Can you develop your own leaders? Can you help them morale and productivity skills they need to improve and develop to avoid lawsuits? Think about that next time you consider training budget.
Leadership Learning: The Real Costs of Not Doing Leadership Training
