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Business Intelligence

Published January 2009

The Training Industry in 2009: A Look Ahead

  

  Cushing Anderson

Respondents to Chief Learning Officer magazine’s Business Intelligence Board survey view the coming year with guarded optimism. Most of them acknowledge the threats posed by economic problems, but also see opportunities for improvement.

Training executives remain basically optimistic about the outlook for employee development in 2009, with 50 percent feeling more optimistic about 2009 compared to 2008. However, compared to the outlook for 2008, learning leaders are feeling less optimistic overall. About 25 percent are less optimistic regarding the coming year, whereas only 9 percent of respondents felt less optimistic about 2008 when asked last year.

The fact that a quarter of learning executives are feeling less optimistic shows a dramatic change in overall outlook. The reasons for dampened optimism come as no surprise: Sixty-seven percent of “less optimistic” respondents gave the troubled U.S. and global economies as the reason for their concerns. Participants cited cash-flow issues, credit problems and lower revenues due to the economic crisis as reasons why budget cuts in training programs are expected to follow in the coming year.

On the more optimistic side, there are a variety of reasons companies gave for an optimistic view of training and development in 2009. Many of these take a positive view of the economic situation, as well as challenges in hiring talent and the surge in boomer retirements.

With regard to the economic situation, one training executive expressed increased optimism due to a “when the going gets tough, the tough get going” mindset. “We all have to be more creative in troubled times like these,” the respondent stated. Many training executives see opportunities for a higher utilization of employee development programs as they strive to hire and retain talent and retrain workers to replace retiring company leaders.

Additionally, companies are expecting positive developments in the role training plays in their companies. Ninety-five percent of learning executives expect that training will be more aligned with company business objectives, while 84 percent believe that the perception of training in their companies will be higher.

And finally, 78 percent report that the quality of their training offerings will improve next year.

Impact of LMS and Knowledge Management Continues to Increase
The impact of learning activities from 2008 to 2009 shows shifts in rankings, though leadership training and competencies remain the top two choices. Beyond these two, there are some noteworthy changes. Informal learning is up four spots, while measurement (fourth place in 2008) is no longer in the top 10. (It landed at 11 this year.)

On the other hand, sales training made an appearance in the top 10 for 2009, although it did not in 2008. Sales training has increased in importance in light of the economy. As one executive put it, “In the tight economy, the performance of our sales team is the company’s top priority. We are refocusing much of our efforts to drive productivity in the sales teams.”