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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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How to get your L&D budget approved

CLO Magazine

Some will have little resistance to getting a budget approved, while others may face serious difficulties. This article will explore key areas to consider when seeking approval of the L&D budget. We have heard many chief learning officers discuss the budget process even during the current situation. Reality check.

Budget 109
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Cloudy with a chance of budget approval

CLO Magazine

When there is uncertainty, anxiety or volatility in the global economy, there is a tendency to prepare for the unknown by having a tighter ship and leaner budget. This translates into significant budget controls and, consequently, budgets will be scrutinized and challenged. 7: Estimate the cost of the program.

Budget 113
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Immersive learning without immersing yourself in costs

CLO Magazine

The cons of CGI-enabled immersive learning simulations Immersive learning simulations can come with significant upfront costs, especially if you’re considering a fully immersive experience that includes VR or AR. This removes the need for devices and keeps costs down. That quickly drives up costs. Scrutinize the need for audio.

Cost 79
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Making the ask: securing a learning budget during economic hardship

CLO Magazine

Meeting these objectives often require resources both internally and externally — budget, learning content, time, personnel and leadership buy-in are also key components. When uncertainty is abundant but budget is not, tensions can multiply exponentially. At SNI we often get asked: How do you make the internal ask?

Budget 88
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How to protect your learning budget amid current uncertainty

CLO Magazine

Yet, given the growing uncertainty about the economic climate and possible recession, many organizations are reassessing their budgets across the board. History has often seen learning and development as one of the first budgets targeted. This makes stronger the case for maintaining (or even growing) your learning budget.

Budget 97
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Scaling up L&D in an era of downsizing

CLO Magazine

It’s everyone’s favorite time of year — budget season! As many leaders are in the throes of planning for the start of a new fiscal year, budget requests will inevitably come alongside budget reductions. Let’s look at some of the most cost-effective ways to invest in our talent. Minimal cost, maximum ROI!

Budget 88