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.
