Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Investment in training on the rise, but ineffective learning & development risks spending wasted

by November 3, 2022
November 3, 2022
Investment in training on the rise, but ineffective learning & development risks spending wasted

New research finds that large employers are boosting investment in learning and development to overcome skills shortages, and help them attract and retain talent.

But, despite best intentions, nearly all employers surveyed report that training has failed to meet objectives over the past five years. This means they risk investment going to waste unless they optimise planning, delivery and evaluation.

L&D investment on the rise

The research, which surveyed 600 Learning & Development (L&D) and HR professionals from large UK organisations with a global footprint, finds that 96% of organisations are expecting their training budgets to remain the same or increase in the next financial year.

The findings suggest training is an increasing priority at a time when many businesses are having to tighten their belts, with rising demand for L&D being driven by a need to attract new talent, become more competitive, cater to employee demands for training and career progression and resolve skills shortages.

When it comes to delivering L&D programmes, the majority of employers surveyed carry out in-house training. Of these, 65% design and deliver bespoke training in-house to support technical and role-specific skills.

Training is failing

However, training programmes often fall short of expectation. 99% of respondents have seen a training plan that was ineffective or that failed to deliver on objectives in the last five years. The top reasons cited for a training programme’s failure include poor planning, not having the right people taking part, poor evaluation, or a lack of evaluation of the training altogether.

With so many programmes delivered in-house, employers should review and look to where they can make improvements to the design, delivery and evaluation of programmes, to ensure they’re getting a return on their investment.

Boosting skills, recognition and ROI

Effective training will only become more important amid ongoing economic turbulence. In addition to a need to upskill to counter skills shortages, a quarter of businesses surveyed say the current economic situation is meaning there is a higher expectation to prove return on investment (ROI) for L&D.

The findings also suggest that some businesses are using external certification to help meet these challenges. Although just 29% of large businesses surveyed offer external certification, respondents cite talent retention, attraction, and cost saving as the top three value adds.

David Phillips, Managing Director of City & Guilds said: “Large employers are investing in learning and development to remain competitive and drive growth in challenging market conditions. Although it’s positive to see consistent, and even growing, investment, employers need to consider strengthening their training offer and building in more evaluation that effectively quantifies the return on investment for training. Recognising achievement through certification could also be key in attracting and retaining talent.”

Read more:
Investment in training on the rise, but ineffective learning & development risks spending wasted

0
FacebookTwitterGoogle +Pinterest
previous post
UK vacuum cleaner innovators secure six-figure investment in first-ever fundraise
next post
Somerset-based family cheese maker expands globally with £30M support package

You may also like

Reeves reassures on trade as Trump tariffs threaten...

November 7, 2024

UK tech sector investment strength overshadows European rivals

December 7, 2022

UK car production declines as manufacturers pivot to...

July 25, 2024

Rise in computer professions as manufacturing jobs decline

December 9, 2022

Tips for Managing a Restaurant Kitchen

March 8, 2023

Port Talbot Tata Steel steelworks given £500m by...

September 15, 2023

Miliband planning shake-up to bypass local opposition in...

December 13, 2024

NatWest chairman must be replaced over ‘whitewash’ review,...

July 30, 2023

Get Ahead of Current Market Demands by Adopting...

September 4, 2024

UK space sector outpaces economy as M&A activity...

November 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025
    • From Tariffs to Tech: Where Smart Money’s Moving Right Now

      June 6, 2025
    • Your Weekly Stock Market Snapshot: What It Means for Your Investments

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,556)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved