Costs are a consideration of every organization and in economically difficult times
Costs are a consideration of every organization and in economically difficult times many managers may want to cut the “training budget” to save costs.
I’m sure that you’ve heard that training is always the first to go in tough times. But is that really the smartest business strategy to employ–or during economically difficult times should the “training budget be increased?
Should Training should be cut in tough times?
Should Training should be increased during tough times?
The training budgets suffer the first causality when an organization is in the financial crisis. This is because training often cannot be traced directly to any return on investment. During good times organizations cannot know either see the results of making poor decisions and even doing excessive risk-taking……………………..