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Forecasting for Learning Executives
Written by Administrator   
Tuesday, 19 February 2013 13:27

The slow-growth economy has had a big impact on all organizations, large and small. Even as some business sectors make a comeback, most business leaders and learning executives remain uncertain and cautious about their prospects in 2013.

That uncertainty impacts directly the budgets of training professionals, educators, and HR directors.

According to a recent U.S. study, the outlook for training fell for the third straight quarter in late 2012. This comes from research for the Learning Executive Confidence Index (LXCI).

 

The good news? These scores remain higher than they were in 2009 and 2010 when the economy was at its lowest point. The LXCI is a six-month measurement of attitudes by the American Society for Training & Development (ASTD).

Some interesting highlights from the LXCI study:

  • 70% of learning executives believe corporate performance will be better in the next six months.
  • 56% believe the resources needed to meet training goals will be the same or worse in early 2013.
  • 51.4% think that over the next six months, training will improve organizational performance.

So while the near term is a bit cloudy, most learning professionals expect the training function will receive greater attention and higher funding within the next year. However, almost half feel that there will be an increase within 18 months.

What does this mean for your organization? You have to do more with less, especially in the first half of 2013. Learning management and course development must be accomplished in an environment of reduced funding. Look to vendors and partners (including Educadium) that can best stretch your dollars for hosting and content development.

Need answers about accomplishing your training goals through affordable learning management strategies? Contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Last Updated on Tuesday, 19 February 2013 14:18