Is The Formal Training Bubble Going to Burst?
Over the last few years the nationwide real estate market enjoyed tremendous growth followed by a bursting bubble to level-set prices. I see the same trend a comin’ in the learning and development field…
Traditional formal training has been classically overvalued and is now up against many alternatives for the learning practitioner. My prediction is that over time this will level-set the contributions of various forms of learning and development. Formal training has been shown to provide about 25% of the information people need to do their jobs yet it is currently the most highly sought after tool for many training departments.
As the market becomes saturated with more and more options (i.e. communities of practice, action learning) for use in learning and development I feel that CLOs will begin to leverage a more diversified portfolio for their investment and that formal training’s role will be diminished.
Too much infrastructure and ego exist for the bubble to burst as quickly as it did in the real estate market but I’m confident it’s coming…
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June 30th, 2008 No Comments »