Developing leadership on the cheap

With some training budgets being slashed during tougher economic times, can organizations effectively develop – and identify – tomorrow’s leaders?
By Todd Humber
|Canadian HR Reporter|Last Updated: 03/11/2013

In war, the first casualty is said to be the truth. In organizations, when the red ink starts flowing, the first victim is often the training dollar. If it doesn’t disappear entirely, it certainly is wounded.

“Everything I read would suggest that training dollars are down,” said Ian Hendry, Toronto-based president of the Strategic Capability Network. “So you’ve got this bit of a conundrum here in terms of expectations to drive leadership development up in terms of performance, while at the same time budgets are being cut — or certainly being held from where they were.”

This quandary was put out to the panellists — are they seeing a decline in training budgets and, if so, how is it possible to properly develop leaders?