Kansas.com: Though there is never a good time for an economic downturn, now is especially poor timing. Many companies are already experiencing huge gaps in skilled and knowledgeable workers. And soon millions of baby boomers — the experienced team members who are familiar with corporate strategy and understand and share company values — will be eligible to retire. With limited or no opportunity to experience effective training today, employees who survive layoffs will be less prepared to become the leaders that companies need tomorrow.
The good news is that a shrinking budget doesn't mean the quality of your learning and development programs must shrivel up with it. Tough economic times call for creative approaches to meet and exceed the expectations of your stakeholders, customers, and perhaps most importantly, your employees.
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The good news is that a shrinking budget doesn't mean the quality of your learning and development programs must shrivel up with it. Tough economic times call for creative approaches to meet and exceed the expectations of your stakeholders, customers, and perhaps most importantly, your employees.
Click to continue
