Magazine article Talent Development

We Have Arrived ... "Investment in Learning and Development Remained Steady through One of the Most Challenging Business Years in More Than a Decade."

Magazine article Talent Development

We Have Arrived ... "Investment in Learning and Development Remained Steady through One of the Most Challenging Business Years in More Than a Decade."

Article excerpt

Despite a challenging economic environment, more than $125.88 billion was spent on learning and development in 2009. While the use of social media has skyrocketed in the last 18 months, e-learning has resumed its steady climb as a valuable tool in organizational learning to improve efficiency. The ease of use and ease of accessibility have made e-learning important in the competitive landscape.

Data from the 2010 ASTD State of the Industry Report showed that business leaders continued to dedicate substantial resources to employee learning--a far cry from the response this industry got during the last recession, when training was the first thing to go during budget cuts. Learning and development expenditures in 2009 were treated as key investments for organizations--as must-haves, not nice-to-haves.

One company that values learning is DaVita, and as you will read in the cover story on page 34, the kidney dialysis company changed its culture to emerge from bankruptcy and employee disillusionment to a best-place-to-work company that focuses on its people. …

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