why spend money on learning and development
This may be starting to change, however. Many companies are starting to invest more heavily in learning and development to build the skills they need. Last year, the learning and development market grew by 14 percent, while spending on leadership development grew at an even faster rate. Centralize spending and strategy while carefully distributing learning capabilities: Great learning teams have a strong leader and spend money strategically, with centralized operations focused on technology, content, tools, and methods.