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	<title>The Accidental IT Leader &#187; investment</title>
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		<title>Tomorrow, Tomorrow, You’ll Always Have Tomorrow – But Are You Ready?</title>
		<link>http://www.theaccidentalitleader.com/investment/tomorrow-tomorrow-you%e2%80%99ll-always-have-tomorrow-%e2%80%93-but-are-you-ready</link>
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		<pubDate>Thu, 25 Mar 2010 04:01:42 +0000</pubDate>
		<dc:creator>Dr. Jim Anderson</dc:creator>
				<category><![CDATA[investment]]></category>
		<category><![CDATA[global recession]]></category>
		<category><![CDATA[governance]]></category>
		<category><![CDATA[level set]]></category>
		<category><![CDATA[simplify]]></category>
		<category><![CDATA[skill sets]]></category>
		<category><![CDATA[uncertainty]]></category>
		<category><![CDATA[value proposition]]></category>

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										</div>If you’ve been reading the papers or watching the news on TV, you’ve probably started to see stories that are daring to hint at a global recovery. Now that’s all fine and good and I’ll believe it when it shows up. However, smart IT Leaders know that now is the time to act. Are you [...]
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										</div><div id="attachment_818" class="wp-caption alignleft" style="width: 264px"><a href="http://www.theaccidentalitleader.com/wp-content/uploads/2010/02/AccNeg-rainbow-CRW_5889.jpg"></a><a href="http://www.morguefile.com/archive/display/77722"><span style="font-size: xx-small;">Image Credit</span></a> <img class="size-full wp-image-818" title="Sure You Want To Get To The End Of The Rainbow, But What’s There?" src="http://www.theaccidentalitleader.com/wp-content/uploads/2010/02/AccNeg-rainbow-CRW_5889.jpg" alt="Sure You Want To Get To The End Of The Rainbow, But What’s There?" width="254" height="169" /><p class="wp-caption-text">Sure You Want To Get To The End Of The Rainbow, But What’s There?</p></div>
<p>If you’ve been reading the papers or watching the news on TV, you’ve probably started to see stories that are daring to hint at <a title="" href="">a global recovery</a>. Now that’s all fine and good and I’ll believe it when it shows up. However, smart IT Leaders know that <strong>now is the time to act</strong>. Are you getting your team ready for the madness that will hit your firm when things really start moving once again?</p>
<h2>Six Things That You Need To Be Doing</h2>
<p>The thing that you’ve got to realize is that both you and the rest of the business have been in a hunker down, just keep the lights on, mode for quite some time. The good thing about this is that everyone else in your industry has been doing the same thing. However, one-by-one everyone is going to be waking up soon and <strong>you don’t want your team to get caught unaware</strong>.</p>
<p>Since you may still have a little bit of down time on your hands, now is the time to make the most of it. Here are <strong>six things</strong> that you need to be having your team work on now before they become too busy to think straight:</p>
<ul>
<li><span style="text-decoration: underline;"><strong>Simplify, Simplify, Simplify:</strong></span> When we are moving at 100 mph, we have a nasty habit of creating redundant systems and duplicating processes. We do this because we don’t have the time to research how things are being done right now – we just solve the same problem once again. Use this time to comb through the applications and processes that your team supports and uses and find / eliminate the duplicates.</li>
<li><span style="text-decoration: underline;"><strong>Level Set: </strong></span> how many user licenses are you paying for? How many of those are you using? For that matter, how well utilized are the servers and storage systems that you team uses every day? Now is the time to sort all of this out. Get rid of the licenses that you don’t need anymore and make sure that you are maximizing the value from each one of your hardware resources.</li>
<li><span style="text-decoration: underline;"><strong>Call In The Governance: </strong></span> When things start to pick up, everybody and their mother’s Uncle are going to be coming to your team and asking you to do work for them. Now is the time to lay down the law on how you’ll be approving what projects you’ll be working on.</li>
<li><span style="text-decoration: underline;"><strong>Inventory Skill Sets: </strong></span> If you look out into the future 12 months or so, <a title="" href="">what skills will your team need to be able to bring to the table to do the work that will be asked of them?</a> Now is the time to bring in people who have the needed skills or to send your team off to get some training.</li>
<li><span style="text-decoration: underline;"><strong>What’s Your Value?: </strong></span> This is something that you should have done a long time ago; however, if you haven’t then you need to do it now. You need to sit down with your team and make sure that everyone has a clear understanding of how your team supports the rest of the business.</li>
<li><span style="text-decoration: underline;"><strong>Learn To Live With Uncertainty: </strong></span> As IT professionals we love it when things are cut &amp; dried; however, that’s not the way that life works. It’s great to start out with a plan but the reality is that things will happen and the plan will need to be changed. How it gets changed and how the new plan gets communicated will be key to your team’s success going forward.</li>
</ul>
<h2>What All Of This Means For You</h2>
<p>The Chinese curse says “May you live in interesting times” – and we certainly are. However, as busy as we are today, it’s starting to look like we are going to be getting a lot busier as the global economy <strong>starts to pick up</strong>.</p>
<p>Sharp IT Leaders realize that this is the time that we need to be working with our team to work through those issues that we can get put right before we get busy. <strong>Time invested now will pay dividends later</strong>.</p>
<p>The difference between being an IT manager and an IT Leader is that you take the time to look into the future and <strong>you prepare for it before it happens</strong>. Do this and you’ll be able to show your team the way to go…</p>
<p><strong> Question For You: what do you think is the most important thing that your team can do now to prepare for the future? </strong></p>
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<h3><span style="text-decoration: underline;">What We&#8217;ll Be Talking About Next Time</span></h3>
<p>All  too often <strong>we do a really bad job of looking for our next job</strong>.  <a title="What" href="../%E2%80%9Dhttp://www.theaccidentalitleader.com/jobs/what-an-it-leader-needs-to-have-on-their-resume%E2%80%9D">I’m  not talking about poorly formatted resumes</a> or even answering  questions incorrectly during a job interview. My point is that it’s all  the other actions that we take during a job search that really end up  shooting ourselves in the foot. Still confused? Maybe I should explain  myself…</p>
<p>No related posts.</p><hr />
<p><small>© Dr. Jim Anderson for <a href="http://www.theaccidentalitleader.com">The Accidental IT Leader</a>, 2010. |
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Post tags: <a href="http://www.theaccidentalitleader.com/tag/global-recession" rel="tag">global recession</a>, <a href="http://www.theaccidentalitleader.com/tag/governance" rel="tag">governance</a>, <a href="http://www.theaccidentalitleader.com/tag/level-set" rel="tag">level set</a>, <a href="http://www.theaccidentalitleader.com/tag/simplify" rel="tag">simplify</a>, <a href="http://www.theaccidentalitleader.com/tag/skill-sets" rel="tag">skill sets</a>, <a href="http://www.theaccidentalitleader.com/tag/uncertainty" rel="tag">uncertainty</a>, <a href="http://www.theaccidentalitleader.com/tag/value-proposition" rel="tag">value proposition</a><br/>
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		<title>The ROI For Employee Training Crisis &#8211; Where Is the Money Going?</title>
		<link>http://www.theaccidentalitleader.com/employee-motivation/the-roi-for-employee-training-crisis-where-is-the-money-going</link>
		<comments>http://www.theaccidentalitleader.com/employee-motivation/the-roi-for-employee-training-crisis-where-is-the-money-going#comments</comments>
		<pubDate>Thu, 21 Aug 2008 12:50:00 +0000</pubDate>
		<dc:creator>Dr. Jim Anderson</dc:creator>
				<category><![CDATA[employee motivation]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[retention strategies]]></category>
		<category><![CDATA[training]]></category>

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											<iframe
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												src="http://www.linksalpha.com/social?blog=The+Accidental+IT+Leader&link=http%3A%2F%2Fwww.theaccidentalitleader.com%2Femployee-motivation%2Fthe-roi-for-employee-training-crisis-where-is-the-money-going&title=The+ROI+For+Employee+Training+Crisis+-+Where+Is+the+Money+Going%3F&desc=So+you%27ve+decided+that+your+department+%2F+team+needs+to+get+some+fancy+training.+Great+-+more+knowledge+is+always+better+right%3F+Hold+on+a+minute%2C+maybe+not.+What+happens+if+after+you%27ve+paid+for+all+of&fc=333333&fs=arial&fblname=like&fblref=facebook&fbllang=en_US&fblshow=1&fbsbutton=1&fbsctr=1&fbslang=en&fbsendbutton=1&twbutton=1&twlang=en&twmention=&twrelated1=&twrelated2=&twctr=1&lnkdshow=noshow&lnkdctr=1&buzzbutton=1&buzzlang=en&buzzctr=1&diggbutton=1&diggctr=1&stblbutton=1&stblctr=1&g1button=1&g1ctr=1&g1lang=en-US">
											</iframe>
										</div>So you&#8217;ve decided that your department / team needs to get some fancy training. Great &#8211; more knowledge is always better right? Hold on a minute, maybe not. What happens if after you&#8217;ve paid for all of this wonderful training and even some certification (CISSP, CNE, PMP, etc.) your employee decides to walk out the [...]
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										</div><p><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_EnnmmXH23Cw/SK1tOfNaPnI/AAAAAAAAAfE/j-TCdkT7FQU/s1600-h/roi1.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="http://3.bp.blogspot.com/_EnnmmXH23Cw/SK1tOfNaPnI/AAAAAAAAAfE/j-TCdkT7FQU/s200/roi1.jpg" alt="How can you maximize the ROI on the investment that you make in training your employees?" id="BLOGGER_PHOTO_ID_5236962037365096050" title="How can you maximize the ROI on the investment that you make in training your employees?" border="0" /></a></p>
<p>So you&#8217;ve decided that your department / team needs to get some fancy training. Great &#8211; more knowledge is always better right? Hold on a minute, maybe not. What happens if after you&#8217;ve paid for all of this wonderful training and even some certification (CISSP, CNE, PMP, etc.) your employee decides to walk out the door? That would be the workplace equivalent of buying a new car and then driving it off the lot and immediately totaling it by smashing it into a wall. What can you do to boost your chances of getting a good return on your investment (ROI)?</p>
<p><a href="http://itstaffingandmotivation.blogspot.com/2008/08/staffing-flexibility-is-soooo.html" title="How to make sure that you don't have too many or too few IT employees">Staffing flexibility is a challenge</a> without your pricey investments leaving once you&#8217;ve sunk your money into making them better than they were. Now I must confess that I am a sinner when it comes to taking the training and running. I ended up getting three additional college degrees that were paid for by my then employers. This might be just a bit different from what we&#8217;re talking about here because (1) that work was done at night, and (2) I hung around for at least 4 years each time so that I could finish the degree up. What we&#8217;re really talking about here is the more expensive stuff.</p>
<p>Once upon a time, when the only way to get new management was to grow it inside the company it was probably ok to not keep track of what kind of payback you were getting from your training dollars. However, now that <a href="http://hbswk.hbs.edu/item/5000.html" title="Harvard talks about what happened to company loyalty">company loyalty has gone the way of the pension</a>, it&#8217;s probably a good time to take another look. Ultimately, training is an investment just like everything else the company spends its money on and you sure would like to maximize your return.</p>
<p>How to do this? One quick and easy way to get a better return on your training investment is to lower your costs. The fastest way to do this is to find a way to get your employees to share in the cost of the training. Sounds crazy doesn&#8217;t it? Here&#8217;s the thing: your employees fully understand that certain types of training will make them more valuable. Getting them to shoulder part of the cost may not be as difficult as you might think.  Specifically, if the training is going to be accomplished by having the employee take on a learning project, then consider having them do this in addition to their normal job (this way you don&#8217;t have to hire in order to backfill their position). The employee gets valuable experience and access to other parts of the company. The cost to them is that they pay for it with their personal time.</p>
<p>A slightly more Draconian approach is to ask an employee who is preparing to receive some training to sign a contract stating that after they complete the training they will stick around for some minimum amount of time or they will be responsible for paying back some portion of the training costs. It turns out that about 20% of U.S. firms have some sort of system like this in place already. What&#8217;s interesting about this approach is that often times if the employee does decide to leave before their agreed to time is up, then the firm that hires the employee will end up paying the training fee. You will still miss the employee; however, your training budget will appreciate the pay back.</p>
<p>Finally, there is one more way to handle the issue of maximizing your return on training investments. If an employee that you&#8217;ve trained does leave, then perhaps keeping in touch with them and keeping them posted on changes and events at the firm would be a good idea. This is a relatively small investment and yet the next time that that employee decides to switch jobs, there is a good chance that if they&#8217;ve been kept in the loop then they may consider returning to work for your firm. Now that would be a real return on your training investment!</p>
<p>So which approach would work for your firm? Do you do any tracking today of what kind of return you are getting on your training investments? Do you feel that training an employee makes them more or less likely to leave once the training has been completed? Leave a comment and let me know what you think.</p>
<p>Tags: <a href="http://technorati.com/tag/training" rel="tag">training</a>, <a href="http://technorati.com/tag/investment" rel="tag">investment</a>, <a href="http://technorati.com/tag/employee+motivation" rel="tag">employee motivation</a>, <a href="http://technorati.com/tag/employment" rel="tag">employment</a>, <a href="http://technorati.com/tag/retention+strategies" rel="tag">retention strategies</a></p>
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<p><small>© Dr. Jim Anderson for <a href="http://www.theaccidentalitleader.com">The Accidental IT Leader</a>, 2008. |
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