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New TalentQuest White Paper Asserts Training as Critical Talent Management Investment in Challenging Economy
Thought piece offers ROI evaluation tool and key components for successful training programs.
ATLANTA, May 6, 2009 - Providing training for managers, considered a truly ‘pivotal position’ in most organizations, is crucial for thriving in these tough economic times, according to a new white paper from TalentQuest, an integrated human resources consulting and software solutions firm.
A complimentary copy of the new report, “The Importance and ROI of Training: Surviving and Thriving in an Economic Downturn,” is available for download by visiting http://www.talentquest.com/TalentQuest/www/9-0-Thought_Leadership_Download5.html. The paper is designed to help organizations understand how training can increase productivity, elevate employee engagement and measurably impact its bottom line.
At a time when talent management budgets are streamlined and constantly scrutinized, business leaders and human resources leaders must carefully differentiate which programs can increase profitability and employee effectiveness in the short term. Since the manager’s skill level correlates with team performance, if the manager’s skills are increased, the individual and team performance will also improve.
“Of the core talent management processes- attracting, optimizing and retaining talent- optimizing is the most critical and relevant in this economy,” explains Rick Brandt, president of TalentQuest Consulting Services. “Organizations are doing more with fewer employees, so it is very important to develop initiatives to help employees expand their capabilities and maximize their productivity.”
The research paper addresses why training the front-line manager, in particular, is critical in this current economy, and for long-term sustainability. The paper features multiple best practices for developing a high-impact training program and proven techniques for engaging participants. It clearly articulates why training should be a component of an organization’s talent management budget, as well as tips for making the business case to senior management. The step-by- step ROI model and equation will equip HR leaders with a tangible and invaluable tool for evaluating the ROI of a management training program within their own organizations.
“For any talent management program to truly succeed, it must align with the organization’s bottom line and clearly demonstrate its financial impact,” explained Brandt. “The ROI model included in this paper will equip a business leader or human resources leader to determine that dollar figure and make a solid case for training as a profit driver.”
To receive a complimentary copy of the paper, please visit http://www.talentquest.com/TalentQuest/www/9-0-Thought_Leadership_Download5.html.
About TalentQuest
TalentQuest has been strengthening organizational performance and advancing leadership for more than 35 years by blending the art of consulting with the science of technology. The company’s consultants and organizational psychologists deliver fully-integrated human capital management consulting and talent management solutions that span the entire employee lifecycle - from talent selection to leadership succession -enabling organizations to maximize the value of their investment in people. The company provides strategy alignment, assessment and selection, management and talent development at every level to enable clients to increase profitability and competitive positioning, and achieve peak performance.
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