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Welcome to the powerhouse Revolution Podcast. I’m Lucy Gernon, ex corporate leader turned CEO of my dream business, helping corporate female leaders just like you to create your dream career and life. At 40 I quit the corporate world as I was tired of doing a job that no longer led me up and wanted to live my life my way. I created the power house Revolution podcast to give you simple, actionable tips and strategies to help you create the perfect career and lifestyle that you and your family deserve. So if you’re a corporate female leader or manager who is ready to step into her superpowers and live the life you were born to live, you are definitely in the right place, because life is way too short to dread Mondays. Okay, let’s jump into today’s episode.
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Hi, there and welcome back to another episode of the powerhouse Revolution podcast. How are you doing today? I’m in great mood. It is my wedding anniversary this week. And I am looking forward to going out for a nice meal with my husband. It’s something I try to do at least once a month now where we go out for a date night and what better time to do it then on your wedding anniversary. We don’t really do presents or anything like that anymore, but I might buy myself a new Louis Vuitton bag is that allowed? Can I gift myself? I’ve had my eye in this gorgeous black leather Louie Vuitton Neverfull bag for ages and I’m feeling like now’s the time for me to treat myself. slide into my DMs and Instagram or LinkedIn and tell me should I buy the bag? Should I invest in the bag? Do I deserve it? I think I do. But I did just buy a pair of Jimmy Choo trainers like last month. So who do I think I am? But I know you guys get that. Many of you I know share a love for designer things like I do. So definitely pop in I love hearing from you, especially if you make nice little purchases, because I love all that stuff too. But anyway, I digress. So that’s all it’s really going on with me. I’m thinking about buying my bag today. But I decided to hop on the podcast. Um, because last week, I shared some common challenges that your team face. And I got a ton of great feedback. And I got tons of corporate inquiries in for events. So thank you for showing up for your team’s thank you for investing in them and making you know your life easier, but also helping them in their roles, which is ultimately going to lead to better results. And I’m really excited to meet you and support your teams for those of you who have booked in events. But I did receive a message from somebody who said that they really find it difficult to find the time to develop their team as they’re just so busy. Now I get that I really, really do. I understand you have targets to hit the corporate world is totally results focused on their problems every single day. But honestly, you need to prioritize your team’s development. And today, I’m going to share four reasons why investing in your team’s development needs to be a priority. So the first reason is that when you invest in your team’s development, they will have improved job satisfaction, and they will be more engaged. Okay. So according to Gallup, there was a poll that Gallup did. And they showed that engaged employees are 21% more productive than their disengaged counterparts. So we know from various different studies that when people are engaged, they’re more committed to their role, they’re more committed to the results. And ultimately, they’re going to get more done, okay. So when you invest in your team, you’re actually showing them that you care about them, you’re showing them that you care about their development, and that is honestly going to make them work harder. And there was another study that was done by Gallup, which showed that companies with highly engaged workforces outperform their peers by 147% in earnings per share 147%. Okay, so this is like, not just me telling you that it’s going to improve job satisfaction, engagement, it’s been proven. And I know, there was another stat that was I think it was something like 32% of employees are engaged at work, as opposed to 51% not being get not engaged. And I think it was like 16 or 17% were actively disengaged. So basically, there are more people on your team right now that are not engaged that are, so I want you to let that sit, okay. There are more people most likely according to the studies that are out there that are less engaged, okay. And that’s not where you want to be. I know, especially in the world with COVID. Now, you know, it’s very challenging for people and people are really starting to assess their career and read He’s starting to assess is this the company I want to work in. So it’s super, super important that you focus on their development, show them that you care and don’t just maybe like, send them on like a random course, like, talk to them about what they need, talk to them about their aspirations, and then help them to find certain courses or coaches like me, or trainings and in house staff, whatever it is for them, that’s going to help them okay. So the second reason, then why you should prioritize your team’s development is it has been proven that employees who have been invested in are more productive, and they have better performance. So there was IBM released that companies that invest in employee training have 24% higher profit margins than those who don’t. Okay, so they did a lot of research on that. And they found that basically, companies who actually invest in their in their teams make more money at the end of the day, okay. But I also read a stat then on LinkedIn, that said that employees who receive training are 70% more likely to stay with our current employer 70%. And I, when I say training, I don’t just mean you know, your self paced cookie cutter, vanilla, I’m gonna say corporate trainings that sometimes people just they just don’t sit through them, okay, I’m talking about actually having, you know, an engaging training session where they’re interacting with another human or where they’re actually able to learn in their style. So, so, so important, okay, so you’re going to have somebody who’s more productive, and their performance is going to improve. The third reason, then is better succession planning. So organizations with strong leadership development programs are one and a half times more likely to be in the top quartile of financial performance. Okay. And there was McKinsey actually found that only 14% of companies feel they have a strong leadership pipeline.
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And that can fill this role I need to go externally. Like, honestly, I think that that is a big, big mistake. So if you’re multitasking, come back to me. If you have people who are on your team, and they’re there for a number of years, they know your business, okay? You know them, they know you and sometimes it’s better the devil, you know, than the devil you don’t, you can teach somebody with the right attitude, only thing, okay, you can do that by investing in them investing in their development to get ready for succession planning. So what I don’t want for you as a leader is to come in, and that Monday morning, or that Friday evening, and you get that instant message from somebody who’s like, can I need to speak to you, or you get a random appointment in your calendar, that’s confidential, like, you know, what’s common, right? Somebody’s gonna hand in their notice. And what happens when somebody hands their notice, it’s chaos for you, you have to you have to raise a wreck, you have to, you know, refine your job description, you have to liaise with HR, you have to post it, you have to sift through CVS, you have to go through interviews, you have to onboard the person, you have to integrate them into the team, your team are going to go through that storming phase that as we go to team development, according to Tuchman’s model, right, they’re going to go through that storming phase where they’re not going to be working together. And you know, when people actually leave, it has a real effect on morale, and culture. And it takes time to build all this. So by you actually investing in the team that you have, and creating a succession plan, looking at the gaps that you need to fill to get your team to that next level, it’s going to make your life easier, it’s going to make your organization more money. And that all starts with making a plan and then investing in your team’s development. Okay. We know actually that I think it was Salesforce, they have a really good culture for investing in their team. I’ve actually had a couple of clients from Salesforce. And not only do they offer an excellent leadership academy program to develop future leaders, they also have tons of like, they’re very, very people focused on they actually have allowed some of my clients to expense back the coaching that I would do with them. So like, we know that there are companies out there that are investing in their teams, and these are some of the biggest companies in the world, Google are the same, just and there’s a reason they’re big guys. It’s not just because they have money. It’s because they are choosing to they know the value of investing in their team and of developing their team. Okay. And then Reason number four is that You’re going to have enhanced innovation and creativity. So we know again that companies that promote a culture of learning and development are 92% more likely to invent, innovate. So if you’re just tasking your team with the tasks every day, get it done, get it done and get it done.
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You’re not leaving any space for creativity, you’re not leaving space for innovation, and innovation. By the way, again, if you’re multitasking come back to me. I know a lot of you work in multinationals where they’re, you know, there’s innovation teams, and there’s, you know, maybe an r&d section and maybe you’re in a different region and a different section and you don’t feel innovation is your, your role. It actually is because you know, your function or your department or your division or your site better than anybody else. And by investing in your team and trying to create this culture of innovation, you’re actually just going to, you’re just going to enhance productivity and enhance everything you’re going to enhance output. And we know as well, Udemy did a study that showed that 73% of employees say that training and development opportunities influenced their decision to stay with the company. So if you’re multitasking, come back to me. 73% of employees say that training and development opportunities influenced their decision to stay with the company. Now, I know this firsthand, by the way, because a lot of my clients who I would work with one to one or even in my masterminds as well, and some of their companies will invest for them to join my programs. And I can tell you with certainty that I have had women who have come to me who are ready to walk out the door, and through working with me, and through going through my processes and my programs, to help them improve collaboration to help them improve conflict management, boost their productivity, and work on their mindset. So they actually see their organization and more positive light than the way they may be. We’re seeing them, they end up staying. So I can tell you that I have seen that firsthand. Okay. So I want you to know that like, you know, your your tape record and stay Alright, your team are going to stay if you actually invest in them.
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So there are my four reasons why I just wanted to share with you why I believe you really if you don’t invest in your team, you really need to start. And if you have budget constraints, you need to start putting together a business case for this. So if you need more budget for next year, like I remember one year when I was in the corporate world, there was a random figure that was absolutely tiny, put in for a training budget. But nobody had put together business cases in advance for who the people worried that they want to actually send on courses, how much those courses were those programs were, how many guest speakers they wanted to get in. And then use the statistics just like I’ve shared with you today to back up the reason why it’s also important. So feel free if you go to my website on the shownotes, which will be linked to wherever you’re watching this, you can read the full transcript, which will have all of these statistics in there, go and grab them go and grab them and put together a business case for investing in your team. Okay. So that’s it for this week’s episode. If you would like me to come in and do some work with your team, I would obviously be delighted. My diary is broken up very fast for the rest of the year. So if you are interested in having me coming in and doing any talks with your team or any workshops, either virtually or in person, and I work with leadership teams, I work with women in leadership. But I also do general talks in general masterclasses for team building days and team events, events as well, both male and female, all on the area of collaboration, conflict management, productivity, relationship, building, mindset, everything to make their lives easier. I have trainings on that. So if you’re interested, I would love to hear from you. You can go to the show notes, like I said, or wherever you’re listening to it, you’ll see the link to inquire to work with me. Or you can just go to Lucy garmin.com forward slash contact. Or you can send me a DM on LinkedIn or Instagram with the word event book mean for your next team building day or your next women’s group or your women’s network. So that’s it for this week’s episode. I really hope you find it valuable marloth story is guys, you’ve got to invest in your teams, okay, you’ve got to invest in your teams and you’ve got to put together the business case to be able to get the funding to do so. If you have any questions or if there’s anything that you want help with if you’re like shit, how do I put together a business case or what should I be including? Honestly, just slide into my DMs and I will be happy to send you a personalized Voice Note to help you to do that. Okay, so that is it for this week’s episode. If you found it valuable, I would really really appreciate if you would like it if you would share it if you would tell the world about the power house Revolution podcast because I’m out here trying to do some good in the corporate world and I cannot emphasize the importance of how much I value when you share this with your pals and in your workspace. It really, really helps me push, I suppose my content to more women like you and it also really, really helps my business. When I have a business, I can feed my family, which is also amazing. So that’s it. Thank you so much for your time. I hope you find it valuable. I’ll talk to you again next week. Bye
