Most leaders are rather proud to say that their people are their greatest asset. Funny thing is the only way you would know that is by listening to them because for many of them you don’t see it in their actions.
When you challenge them to back up what they say about their greatest asset they invariably point to the the money they spend to develop their people. By the way, there is so much wrong with the “we spend a ton” statement that I could write several posts about it but I’ll talk about one for now.
The first thing wrong with that statement is that with the exception of a very few companies it’s not true. In the United States the majority of companies spend an average of ten times more on their IT Infrastructure than they do developing their people.
They see spending on IT almost as a sunk cost so while they may shake their heads at the amount, it gets approved as if there is no choice. Spending on people is a prospective cost and is often cut to protect the all important the bottom line.
Authentic Leaders, the ones who grow and develop future leaders for their organization, know that the best investment they can make in their people is an investment of time. They don’t “spend” money or time ON their people, they “invest” money and time WITH their people.
You can spend money on “off the shelf” training for your people or you can invest your time and your experience to truly grow and develop your people.
If you’re delegating the vital leadership responsibility of developing your people solely to your HR team or worse, simply leaving it up to the people you lead, then you may hold a leadership position but you are not leading.
Take a second here to reflect on the past week. What did you do to help one of the people you lead grow and develop? Criticizing them for a mistake is not helpful so don’t count those. Where during the last week did you invest the time to take someone’s mistake and turn it into a learning opportunity? When did you coach or encourage a member of your team?
I already know the answers to those questions for too many of you. I also know the excuses you’ll use to explain away your lack of Authentic Leadership. So don’t got there.
Go instead to your mirror and look yourself in the eye. Now read this:
Because I refuse to invest even a minute of my time to develop the people I’m supposed to be leading they will always struggle. Because I attempt in vain to manage people who desperately need to be led I will always struggle. Because we collectively struggle our organization will struggle as well. Because I am a leader in name only those struggles will be continuous. They will not be the responsibility of the people I’m supposed to lead, they will be on me.
You may forget some of that when your excuses blot out your responsibility as a leader so you may want to read that everyday. Or you might start actually leading by investing the time to develop what you so rightfully call your greatest asset.
3 thoughts on “Will You Really Invest in Your People?”
And as Dilbert’s Pointy-Haired Boss once said, “Staff are our greatest asset – and like most assets, they lose value over time.”
Sadly, I’ve had managers agree that that joke ends up being true.
I’ve sadly seen that joke play out in real life too. The thing those “managers” don’t realize is that they are the ones who are causing their greatest asset to lose value.