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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. This forecast can be. Think chain of value.

Budget 113
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How to measure impact and ROI without losing your purpose

CLO Magazine

When thinking about ROI, most people imagine complex calculations, finance and accounting challenges, and misguided measures. In reality, the ROI calculation is a relatively fundamental calculation, comparing benefits with costs in financial terms. The ROI calculation is not needed for most programs.

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Measuring the impact and ROI of virtual learning

CLO Magazine

Most executives see learning as a cost and not an investment. When executives see learning as a cost, bad things may happen in uncertain times. The learning budget may be cut, reduced, paused, minimized or controlled. The challenge is for L&D professionals to show executives that learning delivers a positive ROI.

ROI 109
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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. Do we believe great training can provide an ROI?

Budget 88
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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. economy recently: It’s strong!

Budget 88