Up until 2020, the level of executive support and allocated budget for professional learning and development had been on the rise. But then COVID-19 hit, and nearly half of the respondents in a Deloitte study experienced cuts in their professional development and learning budgets. In fact, three out of every four organizations surveyed had their budgets in this area cut by more than 20%.
While this may have been necessary at the time, two years have passed, and we are no longer in survival mode. Rather, we have moved onto the phase in which we must adapt to the new normal.