Paraphrased from Henry Ford.
Okay, economic times are tough. Budgets need adjusting. The fat must be trimmed.
But is the investment in the on-going development of your employees an example of “fat”?
Not in my book. It’s precisely because times are tough and budgets are strained that you should find ways to continue to invest in your employees. Everything from developing their technical and interpersonal skills to learning better ways to manage their stress.
Think long and hard about slashing your “training” budget. Get creative, but don’t make training the first thing to go. It’s a false economy.