In this recessionary period, layoffs and other drastic measures are being taken by companies to insure their future survival. However, leadership development programs are seen as vital for corporate survival today and in the future.
While it may be true that organizations are cutting funding for "training programs," that is not the case when it comes to grooming emerging leaders. According to the 2008 Bersin & Associates Leadership Development Survey, a study of 400 organizations conducted last October by the Oakland, CA-based talent management research firm, 40% of those polled, said their spending on leadership development has remained the same, while about 36% of the organizations said their budgets were slated to increase this year.
