Hi , I m Ameet Dubey, freelance behavioral skills trainer, executive coach, and visiting faculty of OB at mgmt insts.
Just want to start a discussion on how market recession is going to affect the Training industry. I feel that, need for higher productivity per employee may lead to more demand for training but I m not sure abt how much top mgmt will b willing to spend on training & development in view of decreasing budget size.
So, may b demand for low-cost training services will rise......
It could also mean lesser firms would maintain in-house training departments to keep O/H s down to min, that means more oppurtunies for outside training agencies.
in nutshell, IF training service is calculated as ratio of OP/IP:
OP - Benefits to firm due to Knowledge,skills, attitude imparted
IP - cost incurred to impart above ASK
In time to come , will there b more stress by clients on increasing d numerator (OP) or decreasing d denominator (IP), so that they get best VFM.....and what d future trend will b : in-house or outsourcing ?
I request both trainers & clients to give their opininon on this......
As you said organisations might start looking at low cost trainers. The challenge is to maintain the quality levels and at the same time lower the costs involved.
Guess we might see a fall in the training costs per se each organisation.
Not a good news as far as i am concerned. But at the same time there seems to be an increase in volumes.
Shailesh S B
What you have stated is quite apt in this present senario.But still I do believe from my experience in this industry is that quality can never be compromised when training is concerned. As such training is required to enhance skills of the employees for better productivity or outcome. So the Companies who believe in result oriented training are never going to compromise in standards.
Thanks and Regards,
I enjoyed reading your views on the topic.
We are looking at working with Freelance trainers with similar capabilities and individual prespective.
Please connect with me.It would be great to hear from you.
Pooja T Chopra
Corporate Training Solutions
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.