Our Company Performance is Bad, So Let's Cut Our Training Budget

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We have discussed this topic on previous podcasts, and it is one that we continue to be concerned about. Not only are we concerned, but several of the HR professionals we speak with have expressed some frustration over the fact that the training and development budgets are being cut. It is surprising to me that when there are tough times in organizations, one of the first items that are cut are the training dollars for the organization. In many instances, we see that when there is poor performance in the organization, the blame is cast somewhere else instead of looking at the root cause, which is generally poor senior-level leadership. We are in a time when we need great leadership at all levels of the organization, not simply "yes men," and "yes women." Simply put, this is the wrong time to be cutting development budgets when instead, it should be a primary focus of the organization. Instead of simply pulling the budget, you must use those funds on training and development programs that are truly relevant to the success of the organization.
Rich and Maikel unpack the topic of cutting development budgets in this episode of Mainline Executive Coaching ACT.

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Rich Baron:
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Maikel Bailey:
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