Why 2023 is the best time to invest in L&D

Times are tough in the business world.

Facing a global economic slowdown and a looming recession, many companies — including tech giants like Google, Amazon, Salesforce and Hubspot — are cutting costs to rightsize staff and adjust to the post-pandemic climate.

In times like these, when margins are thin and headwinds are strong, one thing is clear: investment in online learning and career development is more important than ever.

Upskilling and reskilling programs are crucial engines for growth, and a win-win for both employers and employees. Not only is it less expensive to reskill a current employee than hire a new one, but young professionals are expecting, if not demanding, that employers provide learning opportunities on the job.

Unfortunately, the reality is that most corporate training programs are missing the mark. According to i4cp’s 2023 Priorities and Predictions Report, only 12% of respondents think the upskilling efforts in ...