8th Annual Benchmark Funding Study Chapter
Publication Date: May 31, 2008
Author: Research CUX
Description
Funding is a critical issue for all learning organizations. There is always a balancing act between the amount of money that could be spent to fulfill the strategic needs of the business and the amount allocated to Learning and Development (L&D). And, in previous business downturns, training of all types was the first function that companies looked to cut when they needed to save money. It was considered an expense rather than an investment. This has changed over the last few years, and L&D groups have not seen budgets cut dramatically, despite the difficult economic climate. In fact, overall, budgets are increasing as companies recognize the strategic advantage of a robust, aligned learning organization and as they look to that organization to help develop the next generation of corporate leaders. That does not mean that L&D is being given carte blanche to spend whatever it wants.
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