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Personal Accountability - The Most Important EmployeeTraining in a Slow Economy

 

 

 

It’s quite predictable actually…The economy slows, cash flows are scrutinized, and the first budget to get cut is the employee training budget.

I find it ironic actually… Organizations proudly proclaim that its people are its greatest assets, but when times get lean, its “greatest assets” are the first to have its resources pulled and budgets slashed. This is a short sighted talent management strategy that inevitably puts an organization “behind the pack” when the economy turns back around.


I acknowledge that during an economic downturn expenditures must be watched carefully. However, this is precisely the time that organizations should be spending MORE on training and development to ensure that its talent is properly positioned to capitalize on the turning economic tide when things get better.


Given the fact that many organizations do decide to cut their training budgets, I am often asked: “What is the single most important training and development program you recommend?”


Without hesitation my response is ALWAYS - invest in employee personal accountability training. My reasons for this quick response include:


1. Focusing on personal accountability develops an important skill that will help team members to identify the appropriate action to take, avoid blaming others, eliminate victim thinking, and stop procrastinating. The key theme of a personal accountability training program is to take action and improve the situation.


2. A culture lacking personal accountability is made up of team members who waste valuable time and effort avoiding responsibility, uttering excuses, and “passing the buck.”


3. Organizations that lack personal accountability drive top performing team members crazy and lead them to seek employment in organizations where accountability is a core cultural value.


4. A lack of personal accountability is a common cause of low employee morale which leads to reduced productivity, poor organizational performance, and increased employee turnover.


5. There is a direct relationship between personal accountability and organizational performance. Quite simply – employees with a high degree of personal accountability perform at a higher level than those who lack personal accountability. Organizational cultures that embrace and promote personal accountability outperform those that lack personal accountability


What can you do to improve personal accountability in your firm?


1. Read the personal accountability “bible” - QBQ! by John Miller - and buy a copy for your team members.


2. Hold meetings and conversations about the importance of personal accountability with your team members.


3. Lead by example by demonstrating personal accountability in your actions and behaviors at work.


4. Implement a personal accountability training program in your organization to introduce the critical concepts of personal accountability to your team.


If your training budget is tight and you have to choose only one training activity or program for this remainder of the year make personal accountability a training priority and a core cultural value!

Now go maximize possibility!

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