(MSNBC) MOUNTAIN VIEW, CA -- Expertus (www.expertus.com) today announced it has released a white paper summarizing the discussion among a handful of learning leaders during a recent virtual roundtable meeting. The Learning Executive Think Tank recently met to discuss what's currently happening in their training departments and share how they're weathering the economic storm.
The white paper, "Top 5 Ways to Ready Your Training Organization for a Troubled Economy" is available at http://www.trainingefficiency.com/system/files/Learning-Exec-Think-Tank_Preparing-For-Harsh-Economy-Roundtable-Report_Expertus.pdf. With the recession now a reality, the training industry is one of the hardest hit. According to Expertus and Training Industry, Inc. research released in December 2008, over twice as many respondents expect budget decreases rather than increases in 2009.
Forty-eight percent expect their budgets to decrease this year, up from 41% in 2008. Recent research from Bersin & Associates states that in the second half of 2008 corporate training departments cut spending on learning and development by 12% to 18%. However, according to other industry research, investment in learning development appears to be a mixed bag.
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