Learning and development funding is taking a hit, with cuts to public sector funding having widespread impact, according to the latest CIPD annual survey. Over two-fifths of organisations have decreased funding (43%) for learning and development this year, with two-fifths (42%) anticipating a reduction.
The Chartered Institute of Personnel and Development’s (CIPD) Learning and Talent Development Survey of 600 organisations reveals that over two-fifths of organisations have decreased funding (43%) for learning and development this year, with two-fifths (42%) anticipating a reduction and only one in 10 anticipating an increase in the next 12 months.
Over a half (54%) of organisations claim that their economic circumstances have declined in the past 12 months, with a third overall moving to reduce the use of external suppliers to in-house provision as a result. Although companies this year have increased their training offering to a median of five days per employee (equivalent to 2009 levels), compared to four days per employee in 2010, they have also increased their use of less costly development practices such as e-learning (54%), coaching by line managers (47%), in-house development programmes (45%) and internal knowledge-sharing events (37%).
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