Most organizations keep making this critical investment mistake,
Which has a 90% risk of failure:
They promote people into management without any management training.
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According to research by Gallup, only ONE in TEN people has the innate talent to manage.
When you promote people into management WITHOUT training, you have a 90% RISK of FAILURE with your investment.
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And this failure costs you BIG $$$:
💡 “Bad managers” are the #1 reason employees leave organizations
💡 The average cost of a departing employee is 1 – 2X their annual comp
💡 “Bad managers” whose team members stick around are likely to disengage and lose productivity
💡 Promoting people into management without training is akin to making a $1M capital investment with a 90% chance of failure
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Would you take these odds on any other investment prospect?
Absolutely not!
So why are you accepting these odds with your labor capital capital investment?
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Most organizations won’t invest in train prospective managers because they say it’s too costly. They’re asking the wrong questions:
❌ What if we train them and they leave?
❌ What if we can’t promote them on schedule?
❌ What if they decide management isn’t for them?
These organizations are thinking about management training all wrong. They should be asking better questions:
✅ What if we don’t train them and they stay?
✅ How can we design leadership training that improves performance in their role today?
✅ How can we use training to winnow out people who aren’t a good fit for management?
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How are you training your managers to succeed?
If you’re not, why not?
It’s not too late. While the best time to plant a tree was yesterday, the next best time is today.
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Quality training does not have to be expensive.
My Coaching Essentials for Leaders program, for example, offers investment options that begin at just $247 per person.
That’s less than the cost of a nice evening out. And it has a much better ROI!
If you need support training your people to be exceptional managers and leaders, I invite you to join my Coaching Essentials for Leaders program. It kicks off in a few short weeks. Link in comments.
#leadershipdevelopment#leadership#growthmindset#management#training#highperformingteams