February 25, 2012 Leave a comment
A few weeks ago I read an article about how companies that invested in human resource development activities before the downturn in 2007-2009 fared much better over the last two-three years. This seems right.
Now comes the latest edition of Training Magazine. In this edition, it details the top 125 firms in terms of training resources being expended. Verizon turns out to be ranked Number 1 followed by Farmers Insurance. Verizon did not publicly disclose its budget but Farmers spent $121 Million.
Are we learning our lesson now? How can we rely on trying to hire experienced staff to be productive? Customers and markets change so rapidly now that a learning organization is critical.
Our business is supply chain management. Investment in training is almost non-existent. We are falling very far behind as a profession and are not growing the staff. In Federal Acquisition, there is a massive exodus due to retirement. The message is that the profession, both represented by private and public sector participants, is not venturing forth with new ideas and trained/competent staff.
Who else is concerned??