February 24, 2018

Where should our cash go – retaining people or training people?

How is it that organisations are content to go on spending £100ks or $100ks or more per month on salaries of people doing their jobs badly, but not a few £k or $k teaching them how to do their jobs well?

In recessionary times, many organisations cut “unnecessary” expenditure – such as external training and help – and conserve cash to meet on-going payroll of permanent staff. Now I’m all for keeping the team together, but this is nuts. We’re in a rapidly changing world and our people need to learn fast. What’s the point of paying people to do the job wrong, or even the wrong job? Then we really are wasting our money and piling up problems for the future.