Contract Training in a Changing Economy
An Inside Higher Ed article this week noted that with fewer large businesses influencing workforce training, many colleges engaged in contract training are shifting their approach away from serving larger employers and toward serving as a training “hub” for numerous smaller businesses. We reached out to Leah Kier, community outreach and custom training director for the University of New Mexico’s continuing education division, and Amy Wartham, director of corporate training for the office of continuing education at the U of North Carolina at Charlotte Ben Craig Center, for their advice on how colleges (including four-year institutions) need to shift their contract training approach to be effective in both meeting the needs of this changing economy and identifying new revenue streams. Revisit Your Offerings The reality in most regions is that corporations have cut back severely on their training budgets. Wartham notes that many large organizations are internalizing their training, rather than outsourcing to vendors or universities. And smaller organizations with fewer staff are not likely to find the expense of a university course to be an effective training solution. Kier and Wartham recommend reinvesting your existing resources, transitioning from offering customized training courses toward more consultative services. For example, you can […]