Corporate Training in Chaotic Markets

As we hear rumors of the eventual upturn in the globalThird, consider management training. Most likely, there
economy, organizations are beginning to emerge afterhas not been a great deal of this while the organization
taking cover and taking drastic action during thewas in a contraction. But how can the training
downturn. Many organizations will never operate thedepartment, when budget allows, tackle management
same again, and many are looking for ways to absorbtraining for the new environment? Focus programs on
the lessons learned and move forward with newhow to manage effectively and efficiently. Try to hone
structures and operations. How can the trainingin on how managers can be on the lookout for new
organization help during this time of stepping forward?ways of doing things - and how they can manage
There are several areas on which to focus andfrom the perspective of the bottom line. As managers
change training - and ensure that the organizationstart working in this fashion, the people who report to
continues to move forward.them will also work in that fashion. The entire
First, take a look at the new hire situation. Manyorganization will be looking for ways to operate
organizations are on hiring freezes or may still beefficiently and with cost in mind.
involved in layoffs. But some organizations are inFourth, look at how your organization is affected by
constant need of new hire employees, especially oncompliance, ethics, whistle blowing, or regulation. Some
the front lines. If your organization has high turnover orindustries are in a complete uproar where these issues
simply continues to hire, look at the training that wasare concerned, and some are not. But wherever your
offered for this group during the times before theorganization stands, get executive buy-in on programs
economic downturn. How much of the information wasthat teach how to comply, what ethical standards are
truly "need to know"? Did the training integraterequired, and how to report perceived ethics issues
efficiencies such as e-learning and on-the-jobwithout fear of retribution. Many organizations did not
programs? If not, take the time to revamp thesefocus on these issues, especially ethics, before the
programs to make them as efficient in delivery andeconomic meltdown. And unfortunately a few unethical
subject matter as possible. Did the material focus onactions caused a great upheaval in the way the world
how to do the job efficiently? Try focusing the trainingdoes business. Training can help an emerging
itself on efficiency and see how well the new hires do.organization operate "above-the-board" in the new
On top of this, remember to evaluate the newenvironment, along with efficiency and cost
program in order to clean it up and keep it aseffectiveness.
cost-effective as possible.Finally, and again if and when budgets allow, focus
Next, have the organization's leaders received trainingsome training on retention and career paths. Training
over the period of economic uncertainty? In manycan be a vital partner in teaching and retaining
cases, the leadership pool has been hard at workemployees at all levels, especially if those employees
trying to keep the organization together. Be sure toare given a way to advance, expand their knowledge,
look at the formal training programs for leadership andand broaden their competency and appeal to other
start working on how to include them when the budgetareas within the organization. Consider how to
and economy allow. But again, look for ways todisseminate information on career paths and career
address the new shape and face of leadership goingtracks efficiently, such as through on-the-job programs,
forward. How can the organization's leaders provide a"brown bag" lunch programs, e-learning and Internet,
role model in the new environment? What hascase studies, and self-paced interventions. Make the
changed for them since the economic downturn?requirements for career path and advancements
What leadership tools will be most useful for theavailable to all associates in the most effective and
organization and its leaders? Focus any formalcost-efficient manner. You'll find that retention may
programs on these aspects of leadership and you'll beincrease along with satisfaction.
able to show efficiency. In addition, you'll be able toOrganizations that are emerging on the other side of
prepare and retain leaders for the organization andeconomic crisis certainly have an uphill battle. Training
how it is emerging in the new economy. As always,departments can focus on these aspects and partner
keep a focus on championing change, looking andwith the rest of the organization during the difficult
listening for efficiency, and keeping an "open door" fortransition.
subordinates.