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Learning Executive Think Tank Reveals "Top 5 Ways to Ready Your Training Organization for a Troubled Economy"
Savvy Learning Leaders Discuss How to Survive in This Economic Climate
| Source: Expertus
MOUNTAIN VIEW, CA--(Marketwire - February 19, 2009) - Expertus (www.expertus.com) today
announced it has released a white paper summarizing the discussion among a
handful of learning leaders during a recent virtual roundtable meeting.
The Learning Executive Think Tank recently met to discuss what's currently
happening in their training departments and share how they're weathering
the economic storm. The white paper, "Top 5 Ways to Ready Your Training
Organization for a Troubled Economy" is available at
http://www.trainingefficiency.com/system/files/Learning-Exec-Think-Tank_Preparing-For-Harsh-Economy-Roundtable-Report_Expertus.pdf.
With the recession now a reality, the training industry is one of the
hardest hit.
According to Expertus and Training Industry, Inc. research released in
December 2008, over twice as many respondents expect budget decreases
rather than increases in 2009. Forty-eight percent expect their budgets to
decrease this year, up from 41% in 2008.
Recent research from Bersin & Associates states that in the second half of
2008 corporate training departments cut spending on learning and
development by 12% to 18%. However, according to other industry research,
investment in learning development appears to be a mixed bag.
Expertus, a global provider of services that optimize the business impact
of learning, took the opportunity to sponsor a Learning Executive Think
Tank to discuss strategies to surviving such difficult times. The report
states, "Learning executives are finding the need to come up with some new
and innovative ways to keep their training programs alive and well -- and
at the same time prove their business value."
Much of the discussion underscored the need for training departments to
take a closer look at operational efficiency. However, instead of simply
cutting budgets, the Think Tank participants suggest using creative and
strategic approaches to making their departments lean and mean, including:
-- Informal Learning. Organizations should be focused on building low-cost
programs around informal learning and/or encourage or expand the tactics
that are already working.
-- Re-Alignment. Now is an appropriate time for organizations to take a
second look at whether their training programs are properly aligned with
the goals of the company. If they're not, then cut them out.
-- Increased e-Learning. A shift towards e-learning is happening as
training executives are continuing to move away from higher-cost
instructor-led training programs. This is not a new concept, but is
apparently accelerating rapidly in this economy.
And more.
Read the full report at
http://www.trainingefficiency.com/system/files/Learning-Exec-Think-Tank_Preparing-For-Harsh-Economy-Roundtable-Report_Expertus.pdf.
Six additional roundtable discussions are planned for 2009. To find the
latest results from each roundtable discussion, visit
http://www.TrainingEfficiency.com. To inquire about participating in a
roundtable discussion, please contact Gordon Johnson at
gordonj@expertus.com. For information on Expertus, please visit
www.expertus.com or call Mike Murrell at 803-802-9971.
About Expertus
Expertus is the leading global provider of services that optimize the
business impact of learning. For more than a decade, the firm's 500+
learning management professionals have defined and implemented plans,
processes and technologies that transform training organizations --
creating measurable value for the world's most successful corporations.
Clients include ADP, Cisco, ConocoPhillips, EMC, Honeywell and Lockheed
Martin. Every day at these and other companies, more than a million
employees, customers and business partners are educated as a result of
Expertus' innovative business strategies, outsourcing services and
technology-rich solutions.
Based in Silicon Valley, Expertus serves its clients from offices in the
US, UK and India. For more information, visit www.expertus.com, or call
toll-free 1-877-827-8160.