Since the UK voted to leave the European Union businesses seem increasingly unsure of the impact Brexit will have on their people, business and in general the economy. Whether you voted to leave or remain, one this for sure, the business will probably not be the same – at least for a long while anyway.
When the fear of uncertainty grows, businesses often look for ways to make sure they survive Typically, this comes down to carefully managing budgets and spend.
During the last recession, this was very much the case. One area that often takes a hit is learning and development activities.
One thing to consider however is the role learning and development will and should play post-Brexit. If things are to change, training, learning and development should be at the forefront of these changes to ensure success.
Poorly managed change activities can be detrimental. Skills gaps in negotiation, sales and influencing may mean it becomes difficult to win new business or improve on existing relationships with existing clients and customers.
It seemed pretty clear that businesses that continued to invest in learning and development activities after the last recession found it easier to come out of the other side. The same should be said for Brexit.
Change Management programmes are probably going to be a big thing both leading up to Brexit and post-Brexit. Upskilling and refreshing leaders and managers in change management would be a wise investment. Take a look at our Managing Change Training Course here.
Poorly managed change will not just impact the business’s ability to make change work but can be incredibly demotivational, exasperating the problem.
Understanding how to manage change, make it stick and engage people in the process smooths the way for less resistance.
Negotiating new contracts or finding better deals in existing contracts and relationships will be a good way to help keep costs under control. Take a look at our Negotiation and Influencing Skills course here.
Whatever happens, learning and development will play a key part in all businesses post-Brexit. It’s a good idea to think about how your organisation will use training and development to its advantage, rather than reduce the budget allocation to these activities.