MANAGING in the

NEW WORLD

The typical method for conducting corporate training for employees is to hire external professionals who work with the concerned people for a matter of a few days. This approach is monetarily good for the trainers and helps organizations to tick off their required bucket list but does not really produce tangible positive results for the employees. This is because of the 70-20-10 rule. Business research conducted by the Center for Creative Leadership asserts that training follows this 70-20-10 pattern where seventy percent of learning for employees takes place via challenging assignments. Another twenty percent of this requirement is met by fruitful development relationships while a mere ten percent is fulfilled through formal training. Thus instead of such sessions, companies must instead focus on developmental mentorship and assignments that will get the best out of existing talent. This can also reduce costs substantially.

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