Training is a learning process that involves the acquisition of knowledge, sharpening of skills, concepts, rules, or changing of attitudes and behaviors to enhance the performance of employees.
Training is about knowing where you stand (no matter how good or bad the current situation looks) at present, and where you will be after some point of time.
Training is about the acquisition of knowledge, skills, and abilities (KSA) through professional development.
- It's not what you want in life, but it's knowing how to reach it.
- It's not where you want to go, but it's knowing how to get there.
- It's not how high you want to rise, but it's knowing how to take off.
Outsourcing is one of the most essential parts of training strategies. Training Outsourcing provides industry professional to work with an organization in achieving its training and development objectives.
According to the recent research, 30% of training expenditure goes to training consultancies. In government agencies, and business services sector, about 80% of the budget goes to consultants. It was also discovered that 60% of the organizations outsource custom content development, which in turn, results in significant cost savings. The research shows that the cost of custom content development has been reduced to 50% from 30% in the last few years. To save cost, companies are now outsourcing other functions like learning management systems (LMS), training administration, etc as well.