How Much Should You Invest in Learning?
In 2005, Jack Phillips authored a book entitled, “Investing in Your Company’s Human Capital, Strategies to Avoid Spending Too Little or Too Much.” In the book, Philips described a framework to articulate your organizational philosophy about L&D and how to align its spending approach accordingly.
In the intervening 12 years, L&D functions still struggle with identifying not only how much to spend, but where to spend it. They often lack a decision-making process and mechanism to reallocate funds where they will be most impactful.
Join Peggy and for a discussion about how to evaluate your spending philosophy, what questions you should answer based on your philosophy and approaches to determine where to allocate limited funds.
In this session, you will learn:
- The five core philosophies of spending on L&D
- The advantages and disadvantages of each approach
- How to decide which approach is right for your organization
- Models for allocating your spend across your learning portfolio