Measuring Knowledge Investment: A Benchmarking Report from the Corporate Learning Network
Is your company spending more on learning and development this year than in years past? How are L&D funds allocated? Are you emphasizing certain types of pedagogical methods over others? Is it possible to measure a return on investment for the various learning and development programs you offer employees?
These are just of some of the questions we set out to answer with our first ever benchmarking report about the state of knowledge investment in corporate learning and training.
Over the course of two months, we surveyed dozens of L&D leaders. Here are some of our key findings:
- Learning and training is hot again. After years of reduced budgets, more than half of learning and training leaders surveyed projected increased budgets in 2014.
- Classroom training still accounts for the majority of spending, but L&D leaders continue to allocate more funds to blended learning.
- Aligning learning with the company's growth objectives tops the list of determinants in how learning and training executives plan their future budgets allocations
- Two in five learning and training leaders are not aware of their competitors' learning and training methods. This we see as the industry's major blind spot.
Check out the entire report to gain more insight on industry trends for 2014 and see if you're investing your funds similarly to your peers.