Chief Learning Officer magazine is a trademark of Mediatec Publishing Inc. All clomedia.com and Chief Learning Officer magazine content Copyright 2013 MediaTec Publishing Inc. All Rights Reserved. It is illegal to copy, reproduce or publish any information contained on clomedia.com or in Chief Learning Officer magazine without express written permission from MediaTec Publishing Inc.
Learning and development funding still taking a hit
London — April 1Over two-fifths of organizations have decreased funding (43 percent) for learning and development this year, with two-fifths (42 percent) anticipating a reduction and only one in 10 anticipating an increase in the next 12 months. This is the top-line finding of this year’s Chartered Institute of Personnel and Development’s (CIPD) Learning and Talent Development Survey of 600 organizations. The full findings will be revealed at the CIPD’s annual HRD Conference and Exhibition, April 6 and 7.More than half (54 percent) of organizations claim that their economic circumstances have declined in the past 12 months, with a third overall moving to reduce the use of external suppliers to in-house provision as a result. Encouragingly, however, two-fifths report they have become even more business-focused due to the adverse circumstances.Although companies this year have increased their training offering to a median of five days per employee (equivalent to 2009 levels), compared to four days per employee in 2010, they have also increased their use of less costly development practices such as e-learning (54 percent), coaching by line managers (47 percent), in-house development programs (45 percent) and internal knowledge-sharing events (37 percent). Unsurprisingly, cuts to public sector funding are having a widespread impact on learning and development. The public sector is three times as likely as the private sector to report that the funding of learning and talent development will decrease in the next 12 months (76 percent compared to 26 percent). This compares to two-fifths (19 percent) of public sector and over a half of private sector respondents expecting cuts last year.The public sector are also twice as likely as their private sector counterparts to report a reduction in external conferences, workshops and events (50 percent compared to 28 percent), formal education courses (49 percent to 24 percent) and instructor-led training delivered off the job (38 percent compared to 21 percent). They are also more likely to have reduced less expensive options, such as the use of in-house development programmes (25 percent compared to 8 percent), job rotation, secondments and shadowing (27 percent compared to 10 percent).
Microlearning — Size DOES Matter
June 20th 1:00pm - 2:00pm CT
2013 CLO Breakfast Club, Boston
September 12th - 12th, 2013The Westin Copley Place
Get the Magazine