Essay About Leadership Training Memo And Senior Management

Org 300 Leadership Training MemoTo:         Senior ManagementFrom:         Melissa ManningDate:         November 12, 2016Re:         Leadership Training ProgramPurpose:To propose a leadership training program for senior management and new managers to help them succeed in their positions.  As an organization we must give the leaders the tools to be effective and the training to ensure their personal success as well as the success of the company.  We must have strong leaders to bring up a great workforce.Problem:Training is important because when we invest in our employees it leads to happy employees who feel that they are important because we are investing in them.  Training cannot stop at the first few weeks of employment. We must keep training senior management to keep these skills fresh and keep morale up.  We must also teach the new leaders of the management team these skills to be able to work with their teams and be successful in their new positions.

Solution:The solution is a well-managed leadership-training program that addresses the needs of new management and the continuation of skill building for our senior management team.  It must be a series of trainings, not a one time training.  We must also establish a mentor program so that newer managers feel that they have someone above them that they can confide in, work through employee issues, and gain the skills necessary to move to the next level.  Outcomes:The benefit of having leadership training is employee retention.  By training your leaders, you retain employees, which greatly decreases recruiting costs. Nurturing future leaders supports succession planning and offers career pathways to employees, further increasing retention.  Leadership training can result in better decision-making and employee engagement.  When employees feel engaged and invested they report higher job satisfaction.

How do other countries’ governments and employers respond? This article breaks down all the different ways governments respond to this challenge: “First, the United States. The US has more than 80,000 employees. It spends nearly $14bn a year on staff–and about 30% of that goes on salaries, pensions and benefits–and all of it goes towards the defense budget and public employee pay increases. US citizens spend about 1% of their annual household budget on education, health care, healthcare and training. In total, there are more children out there with a job than the nation is spending on education, health care, and training. […] “Second, the United States has a significant national debt based on the size and nature of its national government, the size of its population and debt, and the nation’s current national debt ($14.2 trillion). In addition, the US and other EU countries have an annual debt with only 1% of GDP. The debt currently issued by the US, EU and other countries is an estimated $19 trillion over the next 20 years. That translates into $8 trillion in debt after 10 years, $29 trillion after 20 years, and $36 trillion before 20,000 years of government. The debt is projected to grow to $29 trillion in 2054. “Third – and perhaps the most important challenge facing the US and UK governments is how to develop a strong financial system, especially the US dollar. If you don’t have a strong financial system, companies have very limited incentive to invest. The value of large U.S. companies in the financial system is very fragile. It cannot sustain its size, so it will have to make investments that will ultimately increase its value. “Fourth – and finally – most importantly, the real world impacts on your business and its ability to grow. Many people have a problem with the perceived lack of competition, especially from higher income countries. Even in developed capitalist countries such as Ireland or Germany who compete for large companies, and those companies are well-positioned to expand, the US dollar is still a currency that is heavily used in these countries. For any country, there is only one way to raise its cash supply. If investors are too fearful of going down the money printing route, they will cut or change their investments and those of their own investors will go out of business. So, if the investors believe they can get cheap money to buy in new companies, then a lot can go wrong. Therefore, the question is where do we go from here? Should we invest in technology to build and enhance the quality and value of our workforce? If you cannot find money, buy something new or buy something for more than the current market rates. The cost of capital investment will still rise. There will be fewer high technology companies in any country and only a small number of high technology companies in the US (although even there there there are some. US technology firms do much better than other non-tech firms outside the US.) […] Further, if a country doesn’t have the money, it will be very hard to bring investment. This means that no matter how well-placed we are, if we buy something new, the dollar will soon go south and become an unsustainable high-cost currency. And now, the US dollar will become an unsustainable high-cost currency and the dollar will go the way of the dodo. But the US will not grow more because we do not have the opportunity