The Future of Training: Investment vs. Expense
Considering training as more of an investment than an expense in building human capital to yield maximum possible results and creating a competitive edge, there is a clear shift from general training to specific training in corporate Inc. According to various industry reports, the training market is expected to triple within the coming years. It is interesting to note that approximately 50% of this revenue goes to outsourced trainers and training companies. Harvard Business Review has also indicated that organizations implementing successful training are more effective in delivering customer goals due to the enhancement in individual performance resulting from good training. It is the organization, trainer, and learners who complete the loop of this function. The future of training depends on the effectiveness of these three facets.
Training: Essential or Non-Essential?
Many organizations consider training as non-essential or a need-based function, while some view it as a hygiene factor. Additionally, many trainers prioritize the organization's training budget without fully understanding the learners' requirements. During a crisis, the training budget is often the first to be cut as organizations fail to see a correlation between training investment and value addition in employee performance. The role of the trainer is evolving from being a mere instructor to becoming a solution provider, focusing on unleashing human capabilities in the workplace.
The Shift to Blended Learning
Learners' expectations about training activities are changing, with blended learning emerging as the future of training—a combination of traditional face-to-face and online training. Organizations and trainers must adapt to this technological shift in training. The cover feature of Business Manager, Sept. 2011 issue, attempts to explore what the future holds for training with renowned trainers' and experts' views on the topic.
Regards,
From India, Delhi
Acknowledge(0)
Amend(0)
181Considering training as more of an investment than an expense in building human capital to yield maximum possible results and creating a competitive edge, there is a clear shift from general training to specific training in corporate Inc. According to various industry reports, the training market is expected to triple within the coming years. It is interesting to note that approximately 50% of this revenue goes to outsourced trainers and training companies. Harvard Business Review has also indicated that organizations implementing successful training are more effective in delivering customer goals due to the enhancement in individual performance resulting from good training. It is the organization, trainer, and learners who complete the loop of this function. The future of training depends on the effectiveness of these three facets.
Training: Essential or Non-Essential?
Many organizations consider training as non-essential or a need-based function, while some view it as a hygiene factor. Additionally, many trainers prioritize the organization's training budget without fully understanding the learners' requirements. During a crisis, the training budget is often the first to be cut as organizations fail to see a correlation between training investment and value addition in employee performance. The role of the trainer is evolving from being a mere instructor to becoming a solution provider, focusing on unleashing human capabilities in the workplace.
The Shift to Blended Learning
Learners' expectations about training activities are changing, with blended learning emerging as the future of training—a combination of traditional face-to-face and online training. Organizations and trainers must adapt to this technological shift in training. The cover feature of Business Manager, Sept. 2011 issue, attempts to explore what the future holds for training with renowned trainers' and experts' views on the topic.
Regards,
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.