(MSNBC) MOUNTAIN VIEW, CA -
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.
(Read the entire article.)
Tags: economy, economic crisis, business strategy, training
Categories: The Economy