It is hardly breaking news that organisations are trying to save money wherever they can. And a tight or shrinking budget is all too familiar in particular for those in charge of Learning & Development. Many organisations look at learning as a luxury rather than a necessity and when budget cuts come around, L&D is often the first to go. However, with eLearning, not only can training and development be extremely cost-effective, but it can also save an organisation money.
When a company’s annual discussion about budget comes around, there is one department that tends to be among the first to be cut and that is Learning & Development. Try as they might to defend the countless benefits of L&D to budget holders, a tight or shrinking budget has become the norm for most learning professionals. However, those in charge of L&D have found a way to make the most of their budget by going digital. Switching to eLearning means that being short on expenses does not have to result in a lack of learning within a company.
Less than half of British workers have access to training materials to develop the workplace skills they need.
According to a 2019 report based on research by City & Guilds Group, British workers are being denied critical opportunities to up-skill for the future. (more..)