Investment is a tricky thing

Investment is a tricky thing

Investment is a tricky thing.  For example, I invested $1 each way on this horse at the Motukarara Races on Sunday, and it did not place. I also bet on 3 other horses ($1 each way), paid a $5 entry fee and bought a hotdog ($7.50). Total outlay $20.50. But for $20.50 I received a level of entertainment (the musician was free, and quite good, the pony cart racing and the children sack racing was fun), and I spent part of a lazy Sunday afternoon horse (and people) watching. Was that a good investment? Overall, yes.

But I knew that whatever money I spent was not going to repay me in cash, but it gave me the ability to do something different for a change. The same can perhaps be said of investing in people. Instead of doing the same thing over and over again, we need to look at different types of investment.

Recently I spent time with a friend of mine, Win Prentice, who is a Career Coach. Over a coffee Win shared some of the skills of career coaching. Looking, for example, at an employee that is not fitting into the workplace:

  • We need to identify their key skills (and whether those skills are required in the current position);
  • We need to prepare a gap analysis on where they are now, and where they want (or need) to go to fulfil their current position; and
  • We and they need to determine if they are prepared to change; and finally
  • Together we need to implement a change and development plan

For people to succeed in their career they need to have the right skills, they have to love their job and they need to feel appreciated. None of that can occur when they are clashing with their work colleagues or their boss, failing to meet realistic expectations, or they feel they are not appreciated. Many times employees know that things are not right, but they don’t know how to fix it.

Many employers know something is not right, but do they want to dismiss someone that they have already invested in heavily, not to mention the high cost of replacement. So it makes sense to invest in some coaching to see if the employee can be turned around, and if they can become a valued and productive employee. And if they aren’t the right person for the job, then everyone can accept the situation and act with grace and dignity to move on.

That’s a real investment. An investment that will pay off. Not like number 11 on Race 3!

Posted: Monday 18 January 2016