Does asking for Budget feel like you’re on Shark Tank?
Maybe you won’t be facing the Shark Tank team, but you should expect to be asked by your company’s "Sharks"...aka budget and stakeholders, why they should invest in your initiatives.
For a long time now our industry has been asking for a bigger and better seat at the head table. To help you get there, as your HR and L&D teams have their internal strategy and project planning meetings, they need to be ready to not only articulate the goals of the training but how it ties to your company’s business goals and KPI's. Satisfaction and utilization rates just aren't enough anymore. Being armed with reliable data on program effectiveness along with how a trainee’s direct manager views their progress gives you a much stronger platform to justify budget requests.
It’s relatively easy to get granular clarity on a project's particular development details, just don’t overlook that all-important step of how this project (and associated budget) helps your business goals.
I’d love to hear how well you feel your team is doing in this area, and share how GrowthSpace development program provides our clients proof that it's impacting their business KPI’s.