Lynn Taylor writing for Bloomberg Businessweek reports that almost 60% of businesses in the United States cut leadership training in response to the recession around the first quarter of 2009, but the deficiency is now costing them. The more progressive companies have maintained or revitalized leadership training programs. Taylor points out that,
A protracted lack of training is much like a neglected garden; ultimately, weeds stifle and choke organizational growth. Over the past three years, job insecurity and economic uncertainty have dampened morale. Add to that the lack of leadership training and cohesive guidance from top management, and you have a double drain on productivity.
She continues to illustrate how even a modest leadership training incentive can have immediate results, and relates that a key to productivity is the morale generated by interpersonal skills in management.
Read the whole article here.