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Topic : Leading and Managing People
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Created by : Ashok Wilfred George, CEO/MD/Director, Hero Mindmine  | 02 01 2009 14:13:33 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Strategy Alignment(Strategy & Execution)
Activity:  3183 views;  last activity : 07 06 2010 20:18:09 +0000

Should training be cut in these tough days? or should more investment be made to help people handle the new scenario?

 
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Training Budget should not be cut Vs Hell with people development it can wait
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Indeed I second the opinion that training is a must, especially during crisis! Still, there are resources that might be useful for those which are looking to enhance the "in-house" training! In Romania we have www.avabox.ro .


By VLADIMIR GUTENMAHER, Business Developer, METROPOLITAN LIFE  02 02 2009 23:03:30 +0000
 
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Training budget means $ though the ROI is a long term issue. A company need not shell out dollars to meet all training requirements. They could very well use th buddy system, one to one coaching and attribute recognition to the participant and the mentor. Just another perspective


By Betzi Miriyam Kuriakose, HR Section Head, The commercial real estate company  06 25 2009 12:50:10 +0000
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Training budget should be increased infact, since this is the time to invest when the market is down with recession. Now is the time when employees feel insecure and devoting time for training, will enhance their spirit, motovation & self esteem. secondly, all this investment will come handy when the market turn around (it has to be, there is no other option!!!). So I strongly feel that this THE time to invest in developing people
By E.K.Shyam Kumar, Freelancer, Freelancer  | 11 09 2009 03:00:44 +0000
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training is the main part of schooling as well the job,it should not be cut whatever be the position of budget,It is the engine for static bogies of train.
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 08 29 2009 17:49:35 +0000
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training is the main part of schooling as well the job,it should not be cut whatever be the position of budget,It is the engine for static bogies of train.
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 08 29 2009 17:49:27 +0000
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training is the main part of schooling as well the job,it should not be cut whatever be the position of budget,It is the engine for static bogies of train.
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 08 29 2009 17:49:05 +0000
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I agree with you that training budget should not be cut which many of the companies are actually doing because if you look at the data of past one year comparatively profits have been rapidly decreasing. Companies can actually look for other ways to reduce the cost...
By kanika kathuria, HR Manager, icbm-sbe  | 08 28 2009 18:31:14 +0000
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Businesses have been advised not to cut back too much on staff training during the recession as skilled workers will put them in a better position once the economic downturn ends.

Companies that invest in training for their employees could find they are better placed than other firms once they climb out of recession, it would be an error for bosses to cut their training budget during the economic downturn. Research shows  from March this year 70 per cent of employers still have a shortage of skills in their workforce.

 


By Ashok Wilfred George, CEO/MD/Director, Hero Mindmine  | 06 29 2009 11:25:32 +0000
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Training conditions the mind, prepares you for the road ahead and also hones those skills that you need at the hour of crisis!! Layoffs are a different thing and cannot be mixed with Training programmes! Sales teams need it the most to let them know that the company backs them and is taking care so that they do not lose any hope as frontline people who are leading the ultimate game of $ or RS.!! Training helps conditioning and yes it should be judiciously used!


By Makrand Bhave, AGM - Corporate Business, E18, part of Network 18 Group  | 04 21 2009 04:13:06 +0000
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Economic down time is to invest in your employees future


By Raghavendra , Client Partner, FCSA  | 04 17 2009 12:22:48 +0000
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Mr.Vladimir i definitely agree with you.Training is the essential part of utilizing human resource and if the company don't provide training or reduce the budget for training then it will only effect the organisation in the long run because human resources are the most important asset of the compnay and they are the ones who make the compnay efficient and helps in getting profits.

What do you say?


By Ramdas Pawar, Sales/BD Manager, Flex  | 04 09 2009 10:43:14 +0000
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I believe that training budgets should not be cut because acquired knowledge through the use of these programs is the key to success and longevity of any business.


By Jeannie George, Senior Business Associate, Prepaid Legal Services, Inc.  | 04 06 2009 17:24:17 +0000
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Training differs from exercise in that people may dabble in exercise as an occasional activity for fun. Training has specific goals of improving one's capability, capacity, and performance.....so it must be on first priority for an organization instead of cutting inlinked budget and resources for Traning..


By varsha , Head/VP/GM-Quality, frac  | 04 04 2009 10:33:49 +0000
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Mr. Sudhir i definitely agree with you that training is the essential part of a employee and if not given proper training then he will not be able to handle situations which will occur in the future. also training is your investment in an employee which will heap profits for the company in the future.

So companies should see training as an essential part that organisation has to follow irrespective of the situation.


By Sudeep Tarafdar, Senior Consultant, IBM  | 04 03 2009 10:09:01 +0000
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Trianing should always be the prioroty.Training employees needs to be on continous on-going basis. Since Companies do not focus on training needs and requirements, they suffer such breakdown as 'Economic Recession' . Human Mind needs continous training to stay fit in this competitive world. Most of the employers want to cut on training costs without understanding the need for learning. According to them they feel they are employing the right people for the job, but later find the same people not doing their job, lack communication skills, boss over people, do not complete their asigned work, do not have the job skills, unable to maintain relationships in workplace .....Economic recession is the result of lack of proper training within the organizations. A part of the employee salary should be cut as training costs!!!


By Latha Nair, Soft Skills Trainer, ICFAI University  | 04 02 2009 05:42:10 +0000
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recessions come recessions go but but good trainees trained by effective trainers are the need of the company .

a perfectly trained soldier today  becomes a dreaded general tomorrow.


By Ajay Ziz, Dy. Registrar,, University of Jammu  | 03 31 2009 05:50:38 +0000
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I agree with vladimir that training budget should not be cut  because if you don't provide the required training to a candidate then there is no point in hiring the candidate also as he won't be productive for the company.


By Yash Singh, Coresspondent, Star  | 03 25 2009 10:17:01 +0000
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The economic downturn helps the organisation to introspect and assess its strengths and weaknesses in order to address those for corrective actions. In fact training programmes are investment in people and not a pastime away from work. It also helps to retrain people to diversify into develop alternate skills for redeployment rather than retrench or lay off.

It is also best time to reorganise which otherwise you can't do in normal business cycles.


By Paul Lakra, Head/VP/GM-Admin & Facilities Air India (Retired Recently)  | 03 11 2009 14:10:07 +0000
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We live & work in a competative world, where everyone wants to excel over others. Training with planning, focus & direction is the only solution to achieve the best of results, survive & grow. We have recessation in the economy but not at the cost of training as it stands as one of the pillars of the organisation. We should cut on petty expences in the company- Vehicle, hotels, tour & travel. 


By Rana Roy, Operation Manager, Chattisgarh, RKHS  | 03 10 2009 06:07:24 +0000
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It is in the times of need that you need action.  If we cut back on budget for training, how would we train them to be prepared for any eventuality?  Training is not just about readying the workforce to do the job at hand.  It's also about keeping them ready for the future.  Training should be future-oriented and NOT past or just present.  One indeed should give a serious thought if the budgets should be increased in these hours of crisis than cut it mindlessly.  It'd be penny-wise, pound foolish behaviour!


By Sudhir Narayana, Head/VP/GM-Finance/Audit, Ministry of Defence  | 03 04 2009 05:15:37 +0000
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Well it is quite surprising that a subject like "Training" is looked at with scant respect. It is observed that in many organisations employees sitting next to each other do not know as to what the other person is doing. This shows that employees are concentric only in their work area, which according  to me is detrimental to the employee as well as the employer. In such time when there is this so called "Slowdown", the employers need to use the time and the energy to not only boost uo the knowledge of the employees, but also make them capable of understanding this slowdown and what measures are to be taken for the organisation and as well as the self is concerned. Training is a continous process and not tobe looked ata narrow sense.


By Ramprasad Murthy, Director  | 03 02 2009 06:53:25 +0000
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Training is still considered to be an expense on the liability side rather than viewing it as an asset as in manpower enhancement. Hence training takes a back seat during times of crisis, which I believe is the wrong way of looking at things. These are times when employee morale needs to be perked up and kept at optimum levels. These are also times when employees can be job-rotated, given reponsibilities in areas not hitherto tried out or explored and the results can be monitored for identifying future growth material.

Training needs to be looked at by organisations in the long term perspective rather than short term cost benefit analyses.


By Inderpal Singh, Director - Academics and Admissions, MILE - Management Institute for Leadership and Excellence  | 02 18 2009 12:50:03 +0000
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If you want to cut a leg off your organisation for short-term gain, then cut back on training. If you want your organisation to continue to flourish during an economic cut-back, maintain training standards and levels.


By Ashok Wilfred George, CEO/MD/Director, Hero Mindmine  | 02 01 2009 14:13:33 +0000
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Hi All

This is really interesting debate, but am surprised to see most of the crowd on other side. Because as most of us who are in senior position, know very well, each $ is counted in today's condition.

This is the year of ROI. So the senior mangement for all the $ going into will like to see a ROI out of it. I am not against the training cut or budget. 

Because it will be difficult to jsut say. It will be based on the priority of the organization. So whether to cut ot not, it will depend on the budget needed for each area and then take a call.

But need to have a solid business case to spend the dollars in the training side. As each investment will need to have a solid business case.

Training :

Cross Train if we can reuse the employee than lay off

Training on soft skills is it needed

Training on refining the techanical skills is it needed and will it lead to revenue in short term or long term

Training on refining the functional skills is it needed and will it lead to revenue in shirt term or long term

 

We need to answer those questions, then it will be easy to answer.


By Mihir Jhaveri, PMP, CSCM, Senior Manager/Pre Sales & Solution Lead/SCM/Strategy, Bristlecone India  | 04 17 2009 16:06:31 +0000
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Which one is better during ression period ?
1. Cutting down training budget to retain the existing employee and make the salary payment smooth at the end of the month.
2. Keep the training expenses same as it is, and cut down some employee number or cut a % from their salary to balance this.

I personally think, in recession when companies are not doing so good, projects are not easy to get, cash in flow from customer is drying up then to keep the company running one should try to cut down other expenses. It's like going to hibernation period for a short period of time to keep the salary payment at the end of the month smooth.


By Diptanjan Mukherjee, Team Leader -(Technical), Navayuga Infotech  | 04 07 2009 04:31:13 +0000
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Absolutely. If training budgets are not cut, we might see lay offs. So which one is better acost cutting in training budget or Layoff...Its training ofcourse...Training can wait...


By Shashikant Rajak, Senior Consultant, Technozone consultancy ltd  | 02 27 2009 12:53:13 +0000
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