What's ahead for leadership onboarding in 2009? With all the dreary economic news, it seems that organizations will typically cut discretionary spending and focus their time and money on what will successfully drive their businesses into the next year and beyond.
A survey that I just read today, published by the International Association for Human Resources Information Management (IHRIM) reports how human resource leaders said that they would spend their information technology dollars next year. The findings say that of the companies making investments in software, 12% will be spent on core HR management systems, 25% will be spent on benefits management solutions and the most will be spent on onboarding tools at 28%.
This result indicates that more and more HR leaders are recognizing the business need and competitive advantage to providing a formal onboarding process. How many of these will have a dedicated focus to leaders is unclear. But the numbers are encouraging.
The article goes on to report that there is still an indication that companies will continue to cut budgets and staff in the slumping economy. These cuts will probably include development-like programs such as leadership coaching, team development and leadership onboarding. I was at a conference this fall and a key-note speaker from Home Depot said the their leadership onboarding was "suspended indefinitely" to save cost as their sales declined.
Unfortunately, this is a big mistake. Top talent will go to companies with these types of programs and organizations risk losing their competitive edge.
Now, more than ever, is the time to protect your biggest investments, your leaders.
Read the full article about the survey
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1 comment:
Good Stuff. Really Enjoyed this posting on onboarding. I am also into employee onboarding activities and was looking for such posts with something worth reading. Keep it up.
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