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Making your L&D budget recession-proof: 7 strategies to take now

CLO Magazine

Executives react as if a recession is imminent by cutting budgets, delaying projects, deferring expenses and reducing staff. This environment leads to scrutiny of all budgets, including the learning and development budget. ” However, when it comes time to reduce budgets, learning is often the first budget to go.

Budget 97
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Business Budgeting After the Pandemic: How to Invest Wisely, Increase Your ROI and Succeed in 2021

KnowledgeCity

Even if you feel uncertain about the coming months ahead, there are ways to be smart about your business budget now that the pandemic is receding. By planning ahead and sticking tightly to a budget, even small businesses can continue to thrive in this world we’re currently living in and prepare for the most unexpected circumstances.

Budget 59
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Is There One Perfect Timeframe for the Performance Review Cycle?

Acorn Labs

It's a truth universally acknowledged: An organisation in possession of a good workforce must be in want of a strong performance management cycle. A typical performance management cycle tends to cover a year-long performance period, topped off with a formal performance evaluation at the end.

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3 Methods for Calculating Your LMS ROI

Folio3

Brief Overview Of Calculating Your LMS ROI An LMS is a practical tool that has become more well-known recently, and for good cause. Calculating your LMS ROI is essential because an LMS is a significant expenditure for any business. Do you know how to calculate your LMS ROI? In search of a Value for Money LMS?

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Beating Recession: Align L&D and Retain Your Budget

Degreed

Retaining your budget is imperative. Number two is ROI,” according to a recent article in Chief Learning Officer by analytics expert Jack Phillips and former utility executive Patti Phillips, who together serve as Chairman and CEO of the ROI Institute, respectively. Budget decisions are typically not made alone.

Budget 52
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How to Get the Greatest ROI from eLearning

TOPYX LMS

These movers and shakers want the very best for their organizations and personnel but also have budgets to honor. The good news is that there are clear-cut answers to most questions regarding the confusing subject of ROI of eLearning. Does eLearning have a good ROI? Not every type of ROI is measurable.

ROI 150
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Measuring Impact (or not)

Clark Quinn

So I saw a twitter thread pointing to an argument about how ROI is dead. Employee performance data. Planned to actual budget, expense, revenue data for training group. ROI measures. And business impact is obviously good, as is employee performance data. And, to the original point of the article.

Metrics 260