This Week's Herman Trend Alert Women---Expanding their Sphere of Influence

The Herman Trend Alert April 8, 2009 The Downsides of Cutting Training It is not unusual, during economic contraction, for employers to cut their training of workers. These reductions are at best unwise and at worst, dangerous. According to the "Maintenance Evangelist" Joel Leonard, a well-respected global advocate for maintenance training, "the postponing of maintenance training costs employers billions of dollars, both in accidents and machinery that is not maintained properly". Making the situation worse is the aging maintenance workforce; the average age of maintenance workers around the globe is 48. If we do not bring young people into the field, train, and retain them, we will simply not function as effectively. Many of us have already witnessed the effects of this lack of training: machines breaking down and not being fixed for days or weeks and even planes falling out of the sky. Effects of this situation are inconvenience or even death. Second, if, due to lack of training, we don't have the depth of bench strength to promote people to higher positions of responsibility (a common situation in Corporate America), we have to hire more experienced people from outside. These more experienced people not only command higher salaries, but often cost more to recruit and take longer to adjust to the culture. In the logistics industry, not training drivers is very expensive. One fatality crash costs an employer over $1,000,000; one two vehicle injury crash costs $140,500. Moreover, the transportation industry wastes tens of billions of dollars annually on preventable wrecks that are caused by driver error. Other research from Ric Newell of Happy Endings, a national driver-training program, reflects that a transportation company can expect an average 10 to 15 preventable wrecks, per 100 drivers, per year. Many companies spend tens of thousands of dollars a year paying for preventable wrecks. Every year, companies that depend on their drivers lose substantial profits to avoidable driver mistakes. "Saving" money, by not investing in driver training, costs trucking companies and other employers billions of dollars every year. Our forecast: wise employers will use this time to reinforce and add more bench strength. Employers choosing to reduce training are leaving themselves vulnerable. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Employer registration is now open with loading by February 15th. Candidate loading begins March 1st. Expect 25-30 employers and an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration begins NOW. To register or request additional information, contact VetJobs at 877-838-5627 or email info@vetjobs.com; Employers: Mention the Herman Trend Alert to receive a Bonus. LOOKING FOR A UNIQUE VALENTINE’S GIFT? Give the gift of leadership advice in our weekly Lessons in Leadership to help your supervisors and managers remind your leaders about what’s really important The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Joyce at joyce@hermangroup.com. http://www.hermangroup.com/store/subscription_all.html#3 Order today! PREVENT EMPLOYEE TURNOVER IN 2012 Yes, you can prevent costly employee turnover, when you train your supervisors, managers, and executives. They will learn dozens of low and no-cost strategies and tactics that they can implement right away. We have an impressive track record and stand ready to help you. Call Carl at 336-210-3547 for a no-obligation conference call. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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