Dive Brief:
- Despite the massive amount of money being spent on learning and development in most workplaces, some studies indicate that a large number of managers think that performance won't suffer in the absence of an internal corporate learning department, says a team of experts at MIT's Sloan School of Management. This can be attributed to investing in learning that doesn't impact organizational objectives.
- Experts say that advances in learning will only happen when learning is directly linked to business goals. The focus needs to be on alignment of learning as a strategy vs. how it's delivered.
- Belgium-based European Foundation for Management Development established a set of corporate learning criteria that can help companies match their learning programs to corporate objectives, called the Corporate Learning Improvement Process (CLIP). This is a good place for any company to start evaluating current and future learning initiatives.
Dive Insight:
Throwing more money at a problem doesn't fix it. Neither does investing in the wrong learning technology. Instead, a focused approach, using an established strategy and the best learning platform for the company, is more effective.
With corporate learning costs reaching historical highs of $70.6 billion according to the most recent reports, organizations must be mindful where they are spending their budgets. Using the CLIP process can help companies better manage training costs, while remaining focused on strategic learning that benefits the organization the most.
