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 to discuss?

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 podcast.

Listen to the full episode to learn:

  • 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!


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