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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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There’s a CLO in all of us

CLO Magazine

Nurturing customer centricity The idea behind thinking like a CLO is derived from the importance of fully understanding what the customer wants. Especially when it is year-end and people are rushing to use up their training budget. Conclusion Thinking like a CLO is no walk in the park.

CLO 41
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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. Be proactive about forecasting and evaluation.

Budget 113
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Showing the ROI of key programs on a budget

CLO Magazine

Budgets have been cut or are under scrutiny. At the same time, you don’t necessarily have the resources to devote to a comprehensive evaluation. For example, a guiding principle in the ROI Methodology states, “When planning a higher- level evaluation, the previous level of evaluation is not required to be comprehensive.”

ROI 106
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It’s time to update your evaluation strategy

CLO Magazine

With limited budgets and fewer resources but greater expectations, you must be efficient and effective with your processes to make sure that you can deliver value with minimum investment. In an ideal setting, the ROI forecast will be less than the actual ROI in a follow-up evaluation. Be proactive and tackle the evaluation challenge.

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No Status Quo for the CLO

CLO Magazine

There’s no playbook for becoming a CLO, and if there’s one simple fact that shines through from the hundreds of formal interviews and countless more conversations I’ve had with learning leaders, that’s it. CLOs are former teachers but they’re also salespeople, marketers, psychologists, engineers and lawyers. The times demand it.

CLO 58