Making the right investments in learning and development programs has never been more important – or more of a challenge – for business leaders.
Unfortunately, despite spending approximately $164.2 billion dollars on learning and development programs, many executives still grapple with how to improve and enhance their effectiveness. As research shows the need to revamp and improve learning programs is an important concern among HR executives.
To better understand this problem, my consulting firm did a thorough review of recent research into learning and development programs, followed by a structured survey with top training executives at 16 major corporations in a diverse set of industries, ranging in size from $1 billion to $55 billion in annual revenues. To understand how providers of training and development view these challenges, we also interviewed leaders of executive education programs at several leading universities.
From this research, we’ve observed seven challenges companies must meet to create development programs that really work.
Read full article on Harvard Business Review.