Businesses have to face many dilemmas in uncertain times, including how to attract and keep the best talent, according to a new report by Warwick Conferences.
The paper, called How to create certainty for your business in an uncertain future, says that budget cuts are often unavoidable.
But removing L&D initiatives cannot be an option, the report says, as the ‘war on talent continues to grow’.
L&D can mean an upper hand against competitors or developing talent through well-executed programmes to help businesses to perform and grow.
Smarter planning is needed, explains the report, with L&D teams no longer able to throw significant money at large-scale events without being asked for clarification as to why it’s required.
"Retaining talent is tricky even in more economically friendly climates, so when uncertain times arrive, this becomes even more business critical," say the authors of the report.
"However, it’s clear that the role of L&D is evolving and planners must ensure that any event or training programme they deliver meets stringent ROI requirements."
"Ultimately, if businesses want to maintain talent, they have to provide an incentive, and that’s where L&D plays such an important role," the report concluded.
Download the full report here.
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