Should employee learning and development training budgets be cut?
There is a lot to say about cutting employee learning and development training budgets, especially when an economy is experiencing slow/ slower growth. But is that the right decision?
There are far better people and organizations like the Canadian Management Centre to answer this question than myself, so, the following is a list of links to articles I have found on this subject.
Cutting That Training Budget Is a No-Brainer, Right? written by the Canadian Management Centre.
- One-line summary: Eliminating training is typically not the answer to surviving in a tough economy.
Why companies should not cut their training budgets by Gautam Singh
- Companies that cut their training budget would lose their competitive advantage by losing the in-house capabilities.
Employee Training is crucial to stay innovative
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