LinkedIn Post: This tip is for CEOs and CFOs only…

Author: Geoff Lorigan CNZM

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This tip is for CEOs and CFOs only…


COST CUTTING MYOPIA

Times are tough globally.

Government sector budgets are being trimmed and in some cases slashed.

The commercial sector is also affected as a consequence — particularly those firms who rely on government funded contracts.

The temptation is to cut discretionary spending.

Leadership development is typically one of the first to be chopped by myopic boards.

Doing so is equivalent to a woodcutter deciding they don’t have the time or money to sharpen their saw.

EQ DEVELOPMENT OFFERS IMPRESSIVE PRODUCTIVITY & PERFORMANCE ENHANCEMENT

Our experience at ISL over 22 years shows that enhancing the self and interpersonal awareness (EQ) of employees gives one of the best “recurring ROI”

Take a firm with 300 staff for example.

Annual payrol ca $60 million.

Savings from productivity improvements and talent retention equivslent to 5, 10, 15% over three years.

$3 million year 1
6 million year 2
$9 million year 3

A one off investment in EQ enhancement:
<$100,000

Time involved: 1 day for each group of 20

Ask your CFO what your payroll costs pa are, and how this ROI ratio stacks up.

If your firm is larger with say 10,000 staff, chances are your payroll will be ca $720 million pa.

Savings of $216 million over 3 years.

Even half of that would be impressive !!!

THE BOTTOM LINE

The point is that EQ and leadership matter even more in recessionary times — especially when your best talent is the most attractive targets for competitors.

Strategic leaders don’t invrst in leadership and EQ development for fun.

They need to be convinced of the ROI

TRUST BUT VERIFY

If you are a savvy CEO — don’t take our word.
Gives us a call and we will have one of our top UK facilitators run a 1-day workshop with your Executive Leadership Team and you can evaluate for yourself.

Money back gaurantee.

if you are a CEO or CFO and want to discuss in person or give it a go … call me for a no obligation discussion.

Be first to get a competitive advantage !!!

Geoff Lorigan MSc Finance (LBS)

Director
Institute for Strategic Leadership
A niche evidence-based adviser and provider with a proven track record.
Established 2001
ISLleadership.co.uk
Tel direct: +44 7789 405 294

#leadership
#ceos
#cfos
#london
Institute for Strategic Leadership
Institute for Strategic Leadership - Australia

See original LinkedIn post here.