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10 Reasons Why Companies Should Invest More in Management Training

10 Reasons Why Companies Should Invest More in Management Training

October 23, 2019

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Management training can be a major investment for many organizations, no matter their size. Larger organizations may have internal training programs, but these require continuous updating and compensation for the developers and training leaders. A smaller company may choose to outsource their training, but this will still involve paying the consulting company and allowing the employees to participate during normal work hours. However, this type of training is important and in the changing business world, having well-trained managers can be critical to success. There are a few key reasons that it is imperative to provide management training including allowing managers to get the best performance from their employees, the ability to respond to issues quickly, improved communications with internal and external stakeholders and finally, grooming the next generation of leaders. Here are the 10 Reasons Why Companies Should Invest More in Management Training:

1) An employee’s relationship with his or her direct manager is the most important single factor in employee engagement.

2) Engaged employees are happier and more productive. Disengaged employees are frustrated and more disruptive.

3) Because there’s no widely agreed-on skillset for management (good managers come in all shapes and sizes), there’s an assumption everyone knows how to do it. This is akin to someone who’s never driven before being given keys to a car and told: “Drive.” (Many years ago, this is how I first learned to manage. I blundered my way through it. Trial and error. It wasn’t pretty.)

4) The basics of sound management – clear objective setting, structured performance evaluation systems, honest and open feedback and communication, etc. – aren’t rocket science. In fact, they’re way easier than rocket science. Which is why companies ought to get them right.

5) Your young managers of today will become your leaders of tomorrow. (And if your company is just going out and hiring leaders instead of developing your own, you have to ask: Why?)

6) Many companies invest heavily in training at the top (leadership development, executive retreats, etc.) but less at the bottom or the middle, where it may well be more needed.

7) Management is often uneven throughout an organization. You have your outstanding ones, your “okay” ones, and your downright incompetent ones who can do a lot of damage. In this biz, as in so many, consistency is a good thing.

8) Respected well-trained managers boost morale, and improved morale boosts retention. And as you of course know, it’s wicked expensive to hire and fire.

9) Litigation protection. To amplify on point 8, it’s even more wickedly expensive to deal with employee lawsuits… plus the resulting bad PR.

10) Let’s return to number 1. The point’s too important not to emphasize. In the big picture, an employee’s relationship with his or her direct manager is the most important single factor in employee engagement. It all starts with this day-to-day, in-the trenches relationship – this is the thread from which the cloth is made. If your managers are doing their job (assuming of course you offer products or services that people want and need), you’ll have a productive work force.

ABOUT EUROMATECH

EuroMaTech is a leading training & management consultancy offering training solutions that focus on enabling clients to improve their skills and potential, to progressively achieve organisational outcomes. With a high emphasis on quality, we support our clients’ training needs across a wide range of industries to meet industry best practices and create value addition. Our program categories include topics on: Administration & Secretarial, Management & Leadership, Finance & Budgeting, Customer & Public Relations, HR Training Seminars, Healthcare Management, Health & Safety, Electrical & Instrumentation, Mechanical and Maintenance, Oil, Gas & Process Engineering, Projects, Contracts & Purchasing, MBA and Masterclass. With headquarters in Liverpool, UK and offices in Dubai and Abu Dhabi, EuroMaTech deliver courses in worldwide venues including Training Courses in Abu Dhabi , Training Courses in Amsterdam , Training Courses in Bali , Training Courses in Bangkok , Training Courses in Beijing , Training Courses in Brighton, Training Courses in Brussels, Training Courses in Berlin , Training Courses in Chicago , Training Courses in Colombo , Training Courses in Copenhagen , Training Courses in Dubai , Training Courses in Geneva , Training Courses in Georgia , Training Courses in Jeddah , Training Courses in Kuala Lumpur , Training Courses in London , Training Courses in Marrakech , Training Courses in Muscat , Training Courses in Los Angeles , Training Courses in Orlando , Training Courses in Riyadh , Training Courses in Singapore , Training Courses in St. Petersburg , Training Courses in Sydney , Training Courses in Vancouver , Training Courses in Vienna , Training Courses in Washington , and Training Courses in Zurich.

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