Author: Imperative

In 2017, the average employer spent 34.1 hours and $1,296 per employee on learning and development initiatives. That’s a lot of time and money, and with the accelerating demands on organization to retain employees and close the skill gap, total hours and dollars are likely to increase.

As it turns out, the career advice I have been dispensing all this time may be wrong. When asked what to look for in a new job, I often tell people to focus their attention on the manager: What can you learn from them?

What is holding back the growth of your business? Talent. You can’t hire fast enough and your teams are constantly being recruited to join other organizations. This challenge is not going to get easier – it is expected to get much harder.

In the new world of work, it is fulfillment – the ability to feel a personal sense of purpose and meaning – that is the new standard.

When Joe Keefe made a mid-career move from practicing law to finance, it was still in the early days of socially responsible investing. Keefe recalls how the move itself was inspired by a book he had read by David Landes, The Wealth and Poverty of Nations, which made the argument that a nation’s growth and development potential is tied to the status and role of women. 

Imperative works with hundreds of HR departments nationwide, and we wanted to share the five most common mistakes we hear HR professionals make when planning their budget.