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Learning and development programs face major budget challenges

More than half of learning and development (L&D) professionals name budget issues as the top challenge they face in implementing training, according to a May 10 report from Virti.

Most companies initiate and maintain L&D programs to meet compliance requirements, they said, as well as improve employee technical skills and support career development.

“There is plenty of evidence in this survey indicating most companies see L&D as a compliance function — which, by definition, is a necessity,” Virti CEO Kurt Kratchman said in a statement.

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