In a speech back in 2015 at NYU’s Stern School of Business, Hillary Clinton took issue with what she described as “quarterly capitalism”. Organisations, she argued, are myopically focused on the next three months of business. They want quick profits to keep investors sweet. Too often they disregard the potential benefits of longer term investments – investments in things such as research, development, recruitment and training.
Clinton’s words were predominantly aimed at the big public corporations of America, but I have no doubt that her warnings are just as relevant on this side of the pond for companies great and small.
Look no further than the UK’s chronic under-investment in employee development over the last few decades. In many businesses, training is limited to formulaic and cumbersome inductions and compliance – rushed tick-box exercises often mindlessly completed by trial and error. And then we wonder why we all want to quit our jobs and move to Spain.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies