Training Industry Quarterly - Fall 2008 - (Page 3)
AT THE EDITOR’S DESK | ED COHEN COMPANIES THAT TREAT THEIR PEOPLE WELL, EVEN DURING DIFFICULT TIMES, WILL BE THE LONG-TERM WINNERS. WEATHER THIS STORM, PREPARE FOR THE NEXT W e are faced with what is being described as an economic downturn, although some see it more as a free fall with no idea how close to the ground the parachute will open. One thing history tells us is that the parachute will open. Rest assured, this economic cycle, as all in the past have, will come to an end. The survivors will pick up, then innovate their way up the value chain and economic stability will again emerge. We have seen this cycle many times. The Great Depression of 1929, Black Monday, Oct. 19, 1987, the Asian financial crisis of 1997, as well as the period post-Sept. 11, 2001. Each time the world’s economy has fallen followed by a steady rise as industries consolidated along with new industries born. Learning leaders are going to face some difficult times ahead with pressure to cut back on learning investments and potential for freezes on spending including travel. This means we will have to innovate like never before, maximizing technology and other means of delivering learning while helping to salvage the bottom line. Throughout this period of economic uncertainly, there will be many distractions, Be warned, there is another storm waiting, brewing, growing, right as the economic storm passes. This storm has been brewing for years and has the potential to derail businesses around the world. Some are calling it the “perfect storm,” the convergence of multiple storms that when they collide, cause massive amounts of destruction and damage. Retirements of the baby boomers in developed countries, aging populations worldwide because of declining birth rates, longer average life spans, a widening skills gap and insufficient numbers of people entering the workforce are all factors that, when combined, are leading to this “perfect storm.” This storm will threaten every type of industry and employee group. We are receiving many such storm warnings from all over the world. The question is, will global leaders heed these warnings, or will they ignore them the same ways we’ve seen before? Our current economic crisis may slow the impact of the “perfect storm” but will not stop it. We will be faced with a skill gap never seen before, a leadership gap due to retirements and an entry skilled worker gap — all of which will occur simultaneously. This Month’s Guest Editor Ed Cohen is chief learning officer for Satyam Computer Services in Hyderabad, India and author of Leadership Without Borders, published 2007, by John Wiley and Sons. Ed has been directing organizational, training and employee development services for almost a quarter century, continuously exploring and developing new methodologies and programs in tune with customer expectations. Prior to Satyam, Ed was eight years with Booz Allen Hamilton, where he was founder and strategic leader of its corporate university. E-mail Ed at ed_cohen@satyam.com. Know someone who’d make an outstanding guest editor? Interested in becoming one yourself? Contact us at editor@trainingindustry.com. Here are a few thoughts to consider as we mitigate the damages from the current storm while continuing to prepare for the even larger “perfect storm.” ■ Eliminate the word “outsourcing” from your vocabulary. Instead, call it “global sourcing.” Companies will find stability in having work done where skilled labor is available. It is not about taking jobs from one to give to another, it is about utilizing knowledge workers from around the world. ■ Even though hiring is slowed and there may be layoffs, companies need to continue to “do the right thing” to emerge or remain an employer of choice. ■ Companies wishing to attract and retain talent should assess how they currently treat their employees. Companies that treat their people well, even during difficult times, will be the long term winners. Companies that treat their people poorly during tough economic times will lose their best people to the winners as soon as the parachute opens. 3 Training Industry Quarterly, Fall 2008 / A Training Industry, Inc. ezine / www.trainingindustry.com/TIQ
http://www.trainingindustry.com/TIQ
Table of Contents for the Digital Edition of Training Industry Quarterly - Fall 2008
Training Industry Quarterly - Fall 2008
At the Editor's Desk
Contents
Ezine Email
Winning Organizations Through People
Before You Buy...
Learning Technologies
Informal Learning: Embracing Web 2.0
Leveraging Cutting-Edge Technologies for Learning
Reshaping the Learning Function to Think and Act Globally
The Importance and Growth of Customer Training
Meet Josh Blair
Meet Bob Dean
Meet Mark Myette
Training America's High-Flying Heroes
Closing Arguments
Training Industry Quarterly - Fall 2008
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_summer2024
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_spring2024
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_winter2024
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_fall2023
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_summer2023
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_spring2023
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_winter2023
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_fall2022
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_summer2022
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_spring2022
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_winter2022
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20210910
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20210708
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20210506
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20210304
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20210102
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20201112
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20200910
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20200708
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20200506
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20200304
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20200102
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20191112
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190910
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190708
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190506
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190304
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190102
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20181112
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180910
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180708
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180506
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180304
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180102
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20171112
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170910
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170708
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170506
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170304
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20171112_se
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20161112
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016sales
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015outsourcing
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015leadership
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009spring
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009winter
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008fall
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008summer
https://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008spring
https://www.nxtbookmedia.com