Wednesday 29 October 2008

Why is L&D more important than ever?

If you work in L&D you may think that the current times are tough. Your budget is being slashed and maybe training has already been frozen or slimmed down. Before you reach for your noose there are some incredible opportunities out there for L&D at the moment.

The recent collapse of the financial markets was largely due to the lack of regulation in place. The banks could do what they liked......and we are now all paying the price. Now that the banks are back under the control of the govt (in the UK the govt now owns most of them) then that will all change. There will clearly be a focus on introducing new regulations and policies but perhaps more importantly a focus on changing the culture and inherent behviours of those in the banking industry.

Can you imagine how many people are going to be impacted by this....?  Each organisation is going to have to make sure that their people fully understand these new regulations - without it they won't be able to do business. If that wasn't a large enough L&D opportunity then how about the behavioural change piece. How can you change the behaviours of such a large group of people?

I am already talking with clients about these opportunities. To say they are receptive is what you might call an understatement....!

What other opportunities are out there for L&D professionals.....?

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