Executive Briefings

Workforce Development on the Cheap Can Be Costly Error

"Wait for a recession and workforce development is the first thing management stops doing. That's the primary error in a typical business recovery strategy," says Brandon Day, business manager of training services with Rockwell Automation, a provider of industrial automation power, control and information solutions. "In cost-cutting moves, some managements seem to think no more of workforce development and training than they do of trimming travel and entertainment expenses. The evidence: Budgets for both are typically banned or curtailed early in the recovery game--often in the same corporate directive."
Day says the second most common error is that management doesn't take the time to analyze goals and objectives. "They don't step back and prioritize the type of training, or they introduce a lower quality level of training simply because they want to pay less. But pursuing workforce development on the cheap should not be considered the ultimate objective."
Source: Industry Week

"Wait for a recession and workforce development is the first thing management stops doing. That's the primary error in a typical business recovery strategy," says Brandon Day, business manager of training services with Rockwell Automation, a provider of industrial automation power, control and information solutions. "In cost-cutting moves, some managements seem to think no more of workforce development and training than they do of trimming travel and entertainment expenses. The evidence: Budgets for both are typically banned or curtailed early in the recovery game--often in the same corporate directive."
Day says the second most common error is that management doesn't take the time to analyze goals and objectives. "They don't step back and prioritize the type of training, or they introduce a lower quality level of training simply because they want to pay less. But pursuing workforce development on the cheap should not be considered the ultimate objective."
Source: Industry Week