'Sorry, but we need to take some of your L&D budget. Times are tough.' Learning and development budget is most vulnerable when organisations are cutting costs but as L&D stakeholders, you still need to continue to develop your talent and build their skills. So, if you are looking for some inspiration on building a business case which is compelling and persuasive, check this resource out.
Anyone who’s dealt with budget cuts knows the frustration and stress of making do with less. Unfortunately, learning and development dollars seem to be one of the first cost-cutting areas when times are tough. But ultimately, learning and development helps close gaps while also anticipating what skills the organization will need to remain competitive long-term. When Corewell Health went through a significant merge, its learning and development team managed to protect its training investments by building and presenting an effective business case to leadership, creating a win-win situation for both itself and the company as a whole. Learn more about how they did it: https://lnkd.in/emZJyyZs
