Around the 2008 recession, corporate training budgets declined by roughly $2 billion. The North American economy is generally strong right now, but experts — like Ray Dalio of Bridgewater Associates and others — see a potential recession in 2020 (China is already tightening its economic belt).
If and when a recession hits, learning and development is often one of the first departments on the budgetary chopping block, especially if it hasn’t defined itself strategically.
This is your guide to doing just that — and framing it all in financial terms that will resonate more with top decision-makers. This involves:
Ready to recession-proof your L&D? We’ve got you covered.
Brainier is a software technology company specializing in Enterprise e-Learning Solutions, and global provider of cloud-based Learning Management Systems, online LMS platforms. Based in Minneapolis, Brainier has been helping clients discover a better approach to learning and development since 1995. Award-winning SaaS offerings include the Brainier LMS (formerly Elan) and Chameleon Cloud (adaptive e-learning framework). For more information, visit www.brainier.com. Brainier Solutions, Inc. is part of BI WORLDWIDE, a global employee engagement agency that uses the principles of behavioral economics to produce measurable results for its clients.
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