Opinion: Is Australian L&D ‘on the up’?

Learning and Development Training Budgets

As most of you would already know, my job is getting out there an meeting with L&D/OD managers to discuss their [business & leadership] training needs and working with them to develop and implement programs to address the identified skills gaps.

As you can imagine, this gives me a fair amount of insight into what’s going on out there in the wider L&D world. However, even if you’re in a fairly isolated role, you’d have to have been living under the proverbial rock to not have been aware of the fact that, due to a somewhat slow economy, a large percentage of L&D/OD managers have had fairly limited budgets (the resultant impact on the workforce being pretty obvious).

However, this year there seems to have been a very tangible change in the market. People who have, for a year or two now, been keen to get going with badly needed programs but struggling to get budget approval, seem to finally be getting the go-ahead.

I suppose, like anything, an organisation can only put off investment in updating capability (whether it be computer software, plant machinery, vehicles, etc or workforce capability) for so long – eventually/inevitably, the wheels start to fall off and the problem needs to be addressed…perhaps we’ve reached this tipping point?

It’s early days so I’m certainly not declaring a new era of spending on training just yet, but there’s definitely a lot more positivity out there, which one can only hope will continue and allow much needed L&D programs to go ahead.

I’d love to hear your thoughts and if you’ve experienced the same.

Thanks,

Sam

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