Corporate Training Leaders Feeling the Heat to Reduce Costs

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<strong>Mountain View, Calif. &mdash; March 11</strong><br />Expertus, which helps Fortune 500 companies fuel business growth through maximizing training investment, announced the findings of its newest study, titled &ldquo;Training Efficiency: Optimizing Costs.&rdquo; The research, conducted in collaboration with, found mounting pressure among training executives to reduce costs. More than 50 percent of the training executives surveyed indicated that cost-reduction pressure is &ldquo;significant&rdquo; or &ldquo;intense.&rdquo;<br /><br />&ldquo;Training executives are always feeling challenged to do more with less,&rdquo; said Mohana Radhakrishnan, founder and vice president of client services for Expertus. &ldquo;Under that type of pressure, training organizations are learning how to maximize their training investments more than ever across delivery, content development, administration and technology.&rdquo;<br /><br />According to those surveyed, the single greatest area to cut costs and improve efficiency is in administration (46 percent) as compared to delivery, content development and technology. In fact, training managers say the last place they will reduce cost is in learning technologies, as they consistently rate it as an investment through which they can reduce costs in other budget areas. However, learning leaders identified the following specific opportunities as the top ways to cut costs within each of the budget areas: <br /><br /><ul><li><strong>Technology: </strong>Optimize, customize/consolidate learning technologies (67 percent).</li><li><strong>Administration:</strong> Streamline evaluations or reporting process (53 percent).</li><li><strong>Delivery: </strong>Reduce travel and lodging (53 percent).</li><li><strong>Content development:</strong> Increase use of content development software (46 percent).</li></ul><br />&ldquo;Much of the belt tightening is coming from senior management with expectations to expand training without increasing costs,&rdquo; said Doug Harward, CEO of &ldquo;It&rsquo;s about doing more with less. In most cases, it is helpful to training organizations to learn how to be savvy about learning process management and reinvest in process optimization. We&rsquo;ve developed an upcoming Webinar where we&rsquo;ll talk about tips and best practices for optimizing costs.&rdquo;<br /><br />The study results indicated that training leaders, given the opportunity to reinvest cost savings, would spend those funds on:<br /> <br /><ul><li>Improving the quality of the content (65 percent).</li><li>Improving measurement and analytics capabilities (61 percent).</li><li>Upgrading technology (61 percent).</li></ul><br />These and more survey findings will be discussed in-depth during a Webinar, 9 Ways to Trim Operational Expenses to Fund Strategic Learning, hosted by Expertus and on March 20 at 2 p.m. ET. For more information and to register, visit . <br /><br />&ldquo;Training Efficiency: Optimizing Costs&rdquo; was a survey of 113 training leaders across the country from companies of all sizes in a variety of industries. It was conducted in February 2008 by Expertus and to measure the budget challenges, pressures and opportunities facing training leaders today. This was the first of four surveys in 2008 to gather market data on efficiency in training organizations.<br />

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