The current economic turbulence has often been compared to that of a storm. Dr. Rick Brandt, TalentQuest’s president of consulting services begs to differ.
“We are not in an economic storm,” Dr. Brandt asserts. “We are in a Category 5 economic hurricane.”
The statistics are staggering – unprecedented job losses, highest rate of unemployment since the Great Depression, billions of dollars lost. Few, if any, organizations have been unaffected. Some have ceased to exist altogether. Many others have been forced to reduce headcount as part of an overarching cost-cutting initiative. At an absolute minimum, consumers and businesses alike are closely monitoring their spending. The question is, at what cost?
In these tough times, talent management activities are often lumped into a ‘non-mission-critical-expenditure’ bucket, which makes their budgets a likely target for reduction or altogether elimination. Dr. Brandt argues that this short-term view can be very costly in the long run. In fact, this is when it becomes most critical to devote existing resources to the most critical talent management activities that will drive business success. Fewer people are being asked to do more. Less experienced employees are being asked to assume responsibilities of more senior employees whose positions have been eliminated. At the very least, everyone is being asked to operate as efficiently as possible. Ensuring that your supervisors and managers have the skills needed to increase employee productivity and engagement is critical to your success.
In this webcast, TalentQuest’s president of consulting services, Dr. Rick Brandt and executive consultant, Dr. Eric Roth, will discuss training as a response to the economic downturn. They will examine the value of basic supervisory training and its potential to have a real and immediate impact on organizational performance. They will provide practical recommendations on how to turn training initiatives into development programs that will make a lasting difference to the organization and the individual. They will discuss the importance of talent management in increasing engagement and productivity in this difficult environment. Finally, they will share ideas of how you can shift the ‘training imperative in an economic downturn’ conversation from ‘can we afford to’ to ‘we can’t afford not to.’
Join us to learn how you can do your part to ensure your organization is well-positioned not only to survive the current economy, but to capitalize upon growth opportunities that will surely arise when it begins to recover.
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