Learning executives’ optimism and confidence about the outlook and expectations for their industry rebounded at the end of 2011, after declining during the second and third quarters of the year, according to the latest measurement by the American Society for Training & Development.
The current Learning Executives Confidence Index for the fourth quarter of 2011 was 66.6, up from 65.9 during the third quarter but still below the record high of 67.3 achieved in the first quarter of 2011.
The index fluctuated only 1.4 points throughout all of 2011 indicating that learning executives remained cautiously optimistic but could be potentially influenced by economic and job market instability. The fourth quarter did see an increase in respondents who predicted that the learning function would have a better impact on corporate performance in the next six months. The LXCI is measured by a 100-point scale.
Highlights from the LXCI for the fourth quarter of 2011 include:
65 percent of LXs see their organization’s profit/performance
expectations getting moderately or substantially better over the next 12
66 percent of LXs believe the current economy will increase the use of
85 percent of LXs believe that travel for training will stay the same or
decrease during the next six months.
Almost 45 percent of LXs anticipate increased spending on outsourced or
external services to aid the learning function.
Almost 16 percent of LXs reported a substantial increase in their ability
to meet learning needs in 2011 – nearly double the number of 2010 (8.6
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