As economic clouds have darkened, I have spoken to many learning leaders to understand the strategies they are using to weather the storm. During past downturns, I have observed that traditional cost-reduction strategies can result in higher training infrastructure costs in the long term.
Certainly, you need to save money in the short term through reduced spending, and there is little doubt that short-term action is necessary to meet shareholder expectations. However, as we reflect upon the history of corporate training, we must ask ourselves what we have learned and if we’ve ultimately made the best decisions. This paper considers those questions, as well as new paths we might consider during the challenging months ahead.