LSA Global Insights Newsletter: 3 Steps to a Smarter Training Initiative

5.31.2011

3 Steps to a Smarter Training Initiative

We believe that now is the perfect time for the training and development function to raise the bar.

Consider these paradoxes:



  1. Over $100b is spent on corporate training events each year, yet 3 out of 4 CEO's do not believe that training is impacting their business.


  2. 79% of organizations report acute skill gaps vis-à-vis their strategy, yet 80% of skills and knowledge are not transferred back to the job from isolated training events.

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 business results.

With most organizations facing continued pressure to reduce costs, increase sales revenue, and increase productivity, now is the time for Training and Development to raise the bar.

Building smarter training initiatives is about ensuring that training investments get meaningful results that are relevant to the business. Here are the three steps that we have found to be most effective.

Read about the 3 Key Steps to a Smarter Training Initiative...


About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned