With inflation high, and high profile redundancies hitting the headlines, L&D is once again under pressure to demonstrate the value it offers and to have an impact in our organisations. So what can you do if your budget is slashed?
This week on The Mind Tools L&D Podcast, David James shares his experiences of managing the L&D team at The Walt Disney Company during the 2008 financial crisis. David is the Chief Learning Officer at 360Learning and host of The Learning & Development Podcast, and joins Ross G and Owen to discuss:
- the impact that recessions and cost savings typically have on L&D
- actions you can take when budgets are tight
- how the lessons of 2008 can be applied today.
David has also written about this topic for Forbes, which you can read at: forbes.com/sites/forbeshumanresourcescouncil/2023/01/04/heres-how-ld-can-achieve-more-with-less/
During the discussion, David referenced a LinkedIn post from Ross Stevenson, which you can see here: linkedin.com/posts/rstevensonuk_learninganddevelopment-education-humanresources-activity-7019651016069410816-tAGI?utm_source=share&utm_medium=member_desktop
In ‘What I Learned This Week’, Ross mentioned a LinkedIn post from Dr Philippa Hardman on ChatGPT for educators. See: linkedin.com/posts/dr-philippa-hardman-057851120_chatgpt-for-educators-a-practical-guide-activity-7020331313136074752-xxik
For more from David, see 360learning.com/ or subscribe to his podcast: looop.co/podcast
For more from us, including access to our back catalogue of podcasts, visit mindtoolsbusiness.com. There, you'll also find details of our award-winning performance support toolkit, our off-the-shelf e-learning, and our custom work.
You can find out more about The Mind Tools Expert Voices Podcast, including where to subscribe, at: https://www.mindtools.com/podcast/
Connect with our speakers
If you'd like to share your thoughts on this episode, connect with our speakers on Twitter:
- Ross Garner - @RossGarnerMT
- Owen Ferguson - @OwenFerguson
- David James - @DavidInLearning
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