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How to Double Your L&D Budget by Aligning with Business Needs

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How to Double Your L&D Budget by Aligning with Business Needs

Align learning with performance in stakeholders’ minds and explain the risks of non-conformance to secure the budget you need in L&D

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L&D Strategy

Double Your L&D Budget by Aligning with Business Needs

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Guy W Wallace, a former Performance Analyst & Instructional Architect, joins Blake Proberts on the Strategic L&D Podcast.

They talk about how to discuss aligning L&D and business strategy by putting a governance board in place, creating advisory councils with specific people leaders to ensure alignment, and how to get attention, acceptance, and demand from executives. Listen to the full episode above or watch below.

Key takeaways

1. Change behaviours.

Learning effectiveness comes from addressing knowledge and skill gaps of learners, and that comes from understanding their backgrounds and needs.

2. Match training to the job’s complexity.

Use real-world practice and consistently level-up challenges for high-stakes tasks. Provide guidance for low-stakes, infrequent tasks to enhance performance.

3. You’re not training people to memorise things.

You’re changing behaviours. Sometimes that means they’ll need reminders, so utilise technology to augment the day to day environment.

4. You’re probably not measuring the right things.

Which means there’s no way you’re getting good returns, let alone the right ones. If you’re working to address business problems, then you should be measuring business outcomes.

5. Stay in your lane.

Learning can’t solve everything. More content won’t fix business issues. The bottom line is identifying and solving the root causes of performance issues.

See more from our host: Blake Proberts

Learn about our guest: Guy W Wallace

Hear more of the Strategic L&D Podcast on Spotify and Apple. You’ll also find us in video form on YouTube.

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