As we have seen in recent times, a tough financial situation inevitably leads to budget cuts and almost always, training and development budgets get cut first. The reason for this is that it is not clear to the executives, and CFOs in particular, how continuous learning impacts their business. To those outside of the human capital profession, it is not very intuitive that in tough times, the right answer is actually to invest more in professional development so that new ideas are explored and harnessed, and therefore can manifest necessary business changes which can help the company get out of the downturn faster and come out better prepared for the new business climate.
