3 Steps to Building a Smarter Training Budgets – One that Gets Approved by Executives and Impacts the Business

Smarter Training Budget Whitepaper Download

3 Steps to Building a Smarter Training Budgets – One that Gets Approved by Executives and Impacts the Business

Organizations continue to budget and spend billions of dollars each year on training and development for their employees – programs that typically fail to produce tangible business results. No wonder the majority of executives are looking at ways to aggressively cut training costs.

While we know that training events have their place in terms of career development, employee engagement, and team building, we have yet to find a client who believes that training “by itself” will drive tangible change or lasting business results. In fact, we have measured over 800 training programs and know that only 1-in-5 people will change their behavior from training alone.

With most organizations facing continued pressure to reduce costs, increase revenue, and increase performance, now is the time for Training and Development to raise the bar.  Though 69% of respondents from our recent poll thought that training measurement was either too difficult or too expensive, we know that designing, implementing, and measuring training that has an impact is not as difficult as most think. And, if done right, it should save both time and money.  Building smarter training initiatives is about ensuring that training investments get meaningful results that are relevant to the business. Based on over 25 years of experience, here are the three steps that we have found to be most effective.

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