Do you know what you get when you
put a person from the C-suite, Ops, Sales and Marketing in a room with a topic
A podcast! A kick-ass one at that!
That’s exactly what happened when I
got Amit Gautam,
Amar Pawar and Suneil Kamath
to distil their experience and expertise on Learning and Development
(L&D) Budgets for UpsideLMS’
debut episode of ‘Let’s Talk Learn-Tech’ podcast. Not only did we unlock
our unique perspectives and found converging experiences, but we left the room
enriched and well-rounded on our knowledge of the topic. Not to mention the
crazy fun we had along the way!
L&D and Budgets
It’s the time of the year most
organizations (following the April-March financial year) initiate planning for
their next fiscal year (FY).
And L&D is no different. Here’s all the dope you need on the fundamentals of the L&D budget.
However, for most businesses,
L&D budgets do little to justify the quantum of efforts needed in
digitizing the training function, skilling/
reskilling the employees and getting the business up to speed to the requirements
of the dynamic world of work. As
per a 2018 Training Industry research, 48% had the same budget as the
previous year, 15% had a decrease in budget and only 37% reported an increase
in their training budget. A tight budget not only puts pressure on the L&D
department to squeeze every ounce of the available resources, but oftentimes
compromises on the quality, mode and effectiveness of training too. Not to
mention, the ever-pressing need to focus and prove the ROI, which may off-track
the key objective training intervention. Here
are 5 Key Features to look for in an LMS to
boost your ROI and 5 Tips To Maximize ROI Of Your LMS.
This is precisely what we
discussed in Balancing
Tight L&D Budgets in our debut episode of Let’s Talk Learn-Tech
Listen to the full episode to
- If and how the L&D budget impacts the Learning department’s decision-making process
- If there is causation or a correlation between the budget and the success of the training program
- If budget-allocation differs across industries or geographies? Or is it hinged on the L&D maturity of the company alone
- How L&D practitioners can balance the tight L&D budget to achieve their objectives and goals
‘Let’s Talk Learn-Tech’ is available on https://www.upsidelms.com/podcast and can be accessed on mobile phone via Podbean’s iOS and Android App. Follow ‘Let’s Talk Learn-Tech’ on https://upsidelms.podbean.com/ to ensure you get the latest podcast – on the day of the release!
With over 13+ years of work experience in marketing and corporate communications, Pranjalee heads the Marketing function; planning, strategizing and executing marketing campaigns, product releases, and strategic and tactical marketing activities. An advocate of inbound marketing, she demonstrates expertise in creative copy writing, integrated marketing communications and digital marketing. Prior to this, Pranjalee has worked for some of the leading ad agencies in Pune in various capacities and holds a Bachelor’s degree in Engineering and Master’s in Business Management. She is deeply influenced by Typography and holds keen interest in advertising, media and communication.
Connect with her on LinkedIn.