The Five Moments of Need

Publication Year: 
2016
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LEARNING AND TRAINING IS HOT AGAIN
There is a broad agreement between analysts about the fact that in the near future organizations of all sizes will increase their budget expenditure for training purposes. The anticipated increase in an organization’s training budgets could be attributed to the following reasons:

• A broadening of the scope of the training programs
• Additional training staff
• An increase in the number served learners

Learning and training leaders have also noted economic constraints, new technologies, and workforce re-skilling as influencers of future budget allocation, according to the 2015 Training Industry Report by Training Magazine. According to Brandon Hall Group, L&D leaders will allocate future budgets to stay in line with company growth goals. In the upcoming years, they are expected to consult more and more C-level executives to ensure their learning strategies are aligned with future business objectives.

Source of the figure: Mosher & Gottfredson, 2011

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