Rather than post a survey on the site I thought I would ask one of the most important questions directly to my readers. How many dollars have you allocated in your 2009-2010 budget for training and development?
I am sure that in late 2007 and in the 2008-2009 budget you saw cuts in this area because it is always one of the first line items to go when the economy changes or the company numbers are not what they should be. But if you look at the many years where training has been cut you can also see a correlation in the turnover rate of your very best performers or your high potentials. If they do not see you investing in them they will seek out a company that will.
If you can't see this then you are blind to the issue of employee investment even in bad times. I have been an advocate of keeping T & D off limits during budget cuts. It has worked.
So, what has your company done in your current budgeting process? Send me your comments to wgstevens2@@gmail.com .
