86%. That is the percent of people from our recent Q1 poll that believe that their CEO would say that their current training programs do not significantly impact business performance.
Ouch.
While that number may be shocking to some, it does not surprise those of us who have been in this business for decades. It certainly is not a revelation to "line people" who are being asked to do more with less and who are tired of wasting time at irrelevant and poorly reinforced training events that do not "move the needle" in terms transferring the training to on-the-job performance improvement or tangible business outcomes .
Making matters worse, average learning and development industry spend estimates range from $60b-$120b per year and between $500 and $1,500 per learner depending upon who you ask and how you parse the data. Even if these averages are off by 50%, the numbers are still too big to be ignored.
Additionally, in most organizations, only a fraction of the true training costs are visible. Most cost estimates do not include the top three hidden costs of ineffective leadership development and management training programs, among others.
How could such large investments do so poorly in the eyes of leadership?
If you believe that the business and performance impact of your training programs may not hold up under scrutiny from your CEO, then you should make sure that you are avoiding the top 10 warning signs that your training function may be in trouble.
Read the Top 10 Training Warning Signs Whitepaper...
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 28, 2010
Would You Like to Take Your Training Function to the Next Level?
Amplify and accelerate.
Would you use those two words to describe the value of your training function?
World class training and development functions amplify internal and external value propositions while accelerating top strategic imperatives. Ask yourself - Does your organization have the training engine to create the skills, knowledge, and attitude to help your organization succeed:
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
Would you use those two words to describe the value of your training function?
World class training and development functions amplify internal and external value propositions while accelerating top strategic imperatives. Ask yourself - Does your organization have the training engine to create the skills, knowledge, and attitude to help your organization succeed:
- Prioritize: Identify the most critical skill and knowledge gaps to move your strategy forward?
- Sell: Build a high performance sales culture to drastically increase revenues and margins?
- Succeed: Create a high performance environment to execute your top strategies while getting the most out of your top talent?
- Lead: Markedly increase productivity and bench strength?
- Measure: Track and measure business results to drive accountability for execution and feedback for performance & executive coaching?
- Assess Skill Gaps...
- Sales Performance Culture...
- High Performance Environments...
- Learning Maturity Continuum...
- Measure Results...
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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