Would you get upset if you spent $1,000 on a watch that didn’t work? How about spending $40,000 on a car that didn’t go?
Would you be upset if you spent $97.5 billion on something that was never really used?
I’m not sure why corporations around the world are willing to spend that much without getting anything in return for that investment… or why they don’t seem to get too upset about it.
You can also check out a case study about using data to support training decisions.
As you can see from the following infographic, there are some… er… issues with the way learning and development is being conducted.
Reducing Corporate Training Waste
On the bright side, there are some clear steps that can be taken – indeed, that organizations should insist on – in order to increase the effectiveness of corporate training and reduce corporate training waste.
These five solutions are based on research and self-reported surveys. Have you tried anything on here? How has it gone for you?
What’s missing? What other solutions are available to transform learning programs into a results-driven, effective investment for organizations? How are you preventing corporate training waste?
Want more information on possible solutions? Try: