Over 50% of training initiatives fail to meet business expectations.Accordingly, it is not surprising that in tough times, learning is often one of the first areas to be questioned or cut.
While it seems like common sense to ensure that learning investments are set up to succeed, we continue to be surprised that billions are spent each year on corporate training without any assurance that the money is being spent wisely.
To combat the challenges, some mistakenly change all training to elearning because of a travel freeze or to reduce costs. While elearning can certainly be an effective medium, we recommended only doing training that (1) makes business sense and (2) is set up to succeed - regardless of the approach. Smart organizations make sure that they address a critical few best practice areas before launching any training initiative.
Starting off on the right foot provides the foundation to save time, money, and reputations. Is your next training initiative set up to succeed?
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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
