Beginners' Guide to L&D Budgets

✅Learning and Development is a vital aspect of any business (or it should be, anyways!). If your employees aren't learning, they're not growing. As a Learning and Development expert-in-charge, it's your responsibility to ensure that the company's growth doesn't stop at the workplace door – which means ensuring the company pays for their training and development too. In this video we'll take a deep dive into L&D budgets for beginners. 👉Resource Library: https://www.thelndacademy.com/the-ultimate-toolkit-for-lnd Table of Contents: 0:00 - Intro 0:47 - What is a Learning & Development budget? 1:05 - Benefits and downsides of having a Learning & Development budget 2:10 - Considerations for L&D budget 3:18 - Methods for building an L&D budget 4:26 - Alignment to the business 5:09 - Types of Learning Costs 7:55 - L&D Budget stakeholders 10:18 - Collecting information to inform the budget 11:15 - Prioritizing L&D initiatives in line with business expectations 12:03 - Evaluating the budget 12:40 - Monitoring the budget 14:21 - Keys to continued success 15:06 - Conclusion ============================================================================ 💻 WEBSITE: https://www.thelndacademy.com/ 🔥 Want to learn more about L&D? Enrol in the LEARNING AND DEVELOPMENT FUNDAMENTALS online course: https://www.thelndacademy.com/learning-and-development-fundamentals 💼 Download THE ULTIMATE TOOLKIT FOR L&D: https://www.thelndacademy.com/the-ultimate-toolkit-for-lnd ============================================================================ Follow us on social media: ▶︎ https://www.linkedin.com/company/thelndacademy ▶︎ https://www.youtube.com/c/TheLnDAcademy ▶︎ http://www.pinterest.com/thelndacademy