We are thrilled to share another innovative article by iPal’s Managing Director, Brad Loiselle.
‘Where We are Headed with Learning’ is the latest article from Brad that discusses how the inevitable shift in training budgets due to the challenges our economy is facing has created a need for a more cost effective and efficient training solution. Organizations have one of two ways of viewing this certain shift in how they train and develop their talent;
“When training budgets are cut completely, the loss could be measured as an ‘Opportunity Cost’. This is the cost associated to losing an opportunity that you would have otherwise had by taking action with your training knowledge. When you look at the cost of losing an opportunity and weigh it against the benefits that could have been realized, you come up with the `Opportunity Cost`.
There are 2 types of actions an organization can take when looking at whether or not they want to implement a training program:
- They can look at training as a ‘cost’ to the organization and decide to reduce employee and corporate growth opportunities by not allowing them to take courses. By choosing not to allow them to take additional learning, they unknowingly create an `Opportunity Cost` staying the course of lost opportunities.
- They can look at training as an ‘opportunity’ to improve internal efficiencies, improve products or service solutions and create a positive `Result` for the organization. “
Brad is honored to have is article featured in the October 12th edition of the CSTD eNewsletter. You can catch Brad at the 2011 CSTD Conference and Trade Show where he will be presenting his thoughts on “E-learning Results Realized“. You don’t want to miss it.
If you are planning on attending the Conference, let us know, we would love the opportunity to meet with you. Additionally, you can stop by our booth #602 to see how iPal is changing e-learning as we know it.