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Building a Business Case for L&D
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In this episode, we go through the basics of building a business case for any new Learning & Development initiatives in your organization.
Guest: Lavinia Mehedintu, People Experience Manager at eMAG, and co-founder and curator of Offbeat.
Highlights:
* In its HR blog, Spotify talks about being skilled at upskilling and the difference between a reactive and a proactive L&D - as seen in Issue 57 of Offbeat.
* Amazon has a strict one-page rule for writing business cases, which constrains L&D to be both efficient and effective when conveying the purpose of any new initiative.
* Keep a close relationship with the business, constantly do your research, and connect any new L&D initiative with relevant, measurable business metrics.
Outline of an L&D Business Case:
1. Describe the problem
2. Define the target audience
3. Add relevant quantitative & qualitative data
4. Explain the solution to the problem
5. Describe the costs involved (not just cash, but also time and other resources)
6. Show the implementation timeline
7. Add objectives and KPIs that you will track
To join the conversation or get in touch, reach out to Liz Stefan on LinkedIn or email liz[at]niftylearning.io.
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