Friday, July 30, 2010

Companies Wonder How to Skill Up for Post-Recession Growth

Interesting article courtesy of workforce.com...

Workforce Staffing Could Hit Pre-Recession Levels in Two Years at Many Large U.S. Firms | workforce.com

What caught my eye was the anxiety companies are feeling about skilling up their current employees and new hires, the "need for new methods."

Combine this with a recent article from the NYT about companies keeping a tight lid on hiring to maintain their profit margins and the future of traditional Training Departments is clear and scary.

Many companies are simply NOT going to staff up their Training Depts after a turndown like they usually did. The keen focus on profit margins is going to have executives pointedly asking "What results will we see if we hire more trainers?" And most training professionals are completely unprepared to have a quantitative, money-focused debate about why they should be allocated more funds versus sales, marketing or product development. I see a rough ride ahead for people pushing the traditional training approach.

But, it's going to be a boon to contractors and companies providing innovative, cost-effective and web-based training and coaching solutions. Products and services like OnBoard Yourself, Lynda.com, and Peer Mentoring are going to more and more attractive and readily accepted as ways to skill up employees.

Company training departments would do well to make finding and facilitating these products and services part of the value they bring to their organizations. The time, energy and headcount required to create similar content internally is going to be impossible to justify, especially when the economic recovery is far from assured.



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