Keeping your stakeholders engaged .
Pat Riley, CEO of the Global Accelerator Network (GAN) wrote a great post last week about how to best keep stakeholders updated. In the book I discuss and provide some ideas on how L&D pros can keep their stakeholders “in the loop”. Pat had been waiting for a, “truly exceptional update to arrive in my inbox that I could showcase to the world.” I would agree with him. Having seen my share of both startup and L&D updates most would benefit from this article.
While our world may be learning, our program sponsors and executives have other things at the center of their worlds. Keeping them engaged is critical and updates, like the one dissected by Riley.
You can view the article here.
What are your best practices for keeping your stakeholders engaged?
The mission of a company’s L&D organization is to provide the business with a skilled workforce that enables it to achieve its business goals. In a tight job market, the ability to upskill the workforce takes on a even more critical role. The costs of new hires is high. Wage inflation, time to productivity, culture fit (or first year attrition due to the lack of it) are only two components of this cost equation.
So in this environment think about this. As L&D continues to ask for a “seat at the table.”
“Layoffs hit their highest level for a first quarter in 10 years as 2019′s job market got off to a shaky start, according to a report Thursday from outplacement firm Challenger, Gary & Christmas.
Total announced cuts hit 190,410, a 10.3 percent increase from the fourth quarter and 35.6 percent jump from the same period a year ago. The level was worst period overall since the third quarter of 2015 and the highest level for a first quarter since 2009 as the economy was still mired in the financial crisis.”
-Jeff Cox, CNBC
And that is not to mention the lost revenue and growth opportunities due to the mountain open positions.
And yet when you Google “CLO’s fired” you get ZERO results. I understand that many factors play into layoffs and but with automation increasing and the digitization of the workplace sweeping over all business sectors shouldn’t we all be targeting the lowest layoff levels and job openings possible. With a seat at the table will come accountability. Are we ready for it?