Double down on learning and development now

During times of financial uncertainty, many companies look for ways to cut back costs – and learning and development budgets are often the first to go, according to Training Zone. But as blogger Lisa Gillespie writes, “This is a false economy. We must continue to learn or we stagnate.”

Companies should not cut back on L&D – but should double down to help their workforce adapt and pivot as needed to ensure the future success of the business. Companies that are using this current moment to upskill and reskill workers so that they can adapt to the new normal are most likely to be successful once the crisis passes.

“Learning programs can help disseminate new protocols for remote work and fill productivity voids, preparing employees to ramp up at an even higher level once they are physically able to return to work,” Maria Umbsaar writes on the CGS blog.

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