Organizations continue to spend billions of dollars each year on training and development for their employees - programs that typically fail to realize a transfer of training to on-the-job performance and tangible business results.
No wonder the majority of executives are looking at ways to aggressively cut training costs.
Under the auspices of helping organizations to effectively benchmark, align, and manage their training functions, much has been written over the years about training cost metrics.
While training cost information is certainly part of the equation, looking at costs alone (or even first) misses the point.
Building a smarter training budget is about much more than costs. Getting a meaningful budget approved and supported by an executive is about much more than cost metrics.
Unfortunately, we still find that many training budgets and training start and end with costs and efficiency - missing the most important and persuasive component altogether.
Discover the 3 steps to building a smarter training budget...
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
October 29, 2009
Using Focus to Dramatically Cut Training Costs, Save Time, and Produce Results
Most corporate training programs are designed to improve 8-12 competencies over a one or two-day period.
This approach works great for training companies looking for mass customization, increased revenues, and high margins.
It does not work out so well however, for clients seeking to manage costs, make training relevant to the business and change critical on-the-job behavior required to make a true business impact.
In our experience, a laser focus on 2-3 core skill or knowledge gaps provides you with the greatest return on your investment.
A concentration on only the most meaningful areas allows you (and your participants) to spend less time and money on training while getting better results. It also enables you to more easily support on-the-job adoption and training business impact - the keys to success.
If you would like to know "What is really holding us back?" and 'Where should we focus?" in order to spend both your time and money more wisely, then...
Learn about training needs assessment best practices that help target what matters most...
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
This approach works great for training companies looking for mass customization, increased revenues, and high margins.
It does not work out so well however, for clients seeking to manage costs, make training relevant to the business and change critical on-the-job behavior required to make a true business impact.
In our experience, a laser focus on 2-3 core skill or knowledge gaps provides you with the greatest return on your investment.
A concentration on only the most meaningful areas allows you (and your participants) to spend less time and money on training while getting better results. It also enables you to more easily support on-the-job adoption and training business impact - the keys to success.
If you would like to know "What is really holding us back?" and 'Where should we focus?" in order to spend both your time and money more wisely, then...
Learn about training needs assessment best practices that help target what matters most...
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
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