Learning on a tighter budget – The mindset for the future ? - Topical theme as we discuss how learning can deliver more in less (budget) including cutting costs, being smarter or changing priorities.
The first two things that get cut with a tight economy and reduced budgets are training and travel. Faced with tighter training budgets, organizations have to find innovative new ways of developing their workforces. Some organisations have cut the amount of training provided or resorted to technology to deliver training.
Anecdotal evidence suggests that apart from the resources sector and where compliance training is required, the volumes of training spend seems to have decreased in Australia. This is not surprising given that training spend has direct link to the growth of the organisation and economy. Currently on the ASX, company downgrades outnumber upgrades by 2:1.
Decrease in government revenues in the eastern states means that there is money to spend on training and education. Victoria will slash $100 million from its training budget for the VET sector by cutting funding from about $7 a student hour to as little $1.50 in many courses.
In the UK, CIPD reports The median annual training budget per employee was £276, less than last year (£350), with a particularly dramatic reduction in the public sector. The median number of training hours employees receive per year was 24, again a reduction on last year.
However ASTD reports that in 2010 employers spent more on employees’ development than ever before. Businesses in the United States spent $171.5 billion on employee learning in 2010, up from $125.8 billion in 2009.
- Use of technology to deliver training continues to grow.
- Managerial and supervisory training was the most offered content (12.8 percent) followed by profession- or industry-specific content (11.3 percent), and mandatory and compliance content (10 percent).
The need for learning and training (quantity and quality) is being impacted by such factors as casualisation of workforce, outsourcing, and economic woes for the foreseeable future.
How can Learning deliver more in less (budget), including cutting costs, being smarter or changing priorities? We may need to prepare for a world where the expectation of delivering more learning from less will be the norm.
- Does learning need a new mindset? One which is just as comfortable creating and growing as it is dismantling?
- What are some ideas for stretching training budgets, or cutting costs?
- Can technology enabled learning deliver learning at a lower cost, while maintain quality?
- Share examples of the things that your organization is doing to manage with tighter budgets?
- Is it more important now to measure learning results and ROI?
- Are part time and casual workforces facing a bigger brunt when compared to full time employees?
- What is the impact on the quality and quantity of jobs available for learning professionals?
More details coming. Join us for a webinar on this topic
- Title: Learning on a tighter budget – The mindset for the future ?
- Date: Thursday, June 28, 2012
- Time: 12:00 PM – 1:00 PM AEST
- Pierre De Villiers, National Capability Development Manager | Assurance & Advisory. Deloitte Touche Tohmatsu
- Michael Eichler. Head of Learning & Leadership Development, IAG Group
- Jeevan Joshi – Moderator & Producer – Learning Cafe
- Others to be announced soon.