Many companies that contact Corporate University Xchange (CorpU) are contemplating or are in the midst of the launch of a new corporate university. One question that is consistently asked by those in this situation is, “What are the key considerations when building out a new corporate university budget?” CorpU has supported scores of corporate university launches and has over 13 years of research on budget and funding approaches. Based on this experience and knowledge, we have compiled a list of questions and answers that can provide some critical just-in-time consideration for those who are preparing the financial costs of starting up a corporate university.
“I’m grateful to be in this network. The calls I had with other members gave me the information I needed to move my project forward.”Annette RollsLeadership Development Program Designer, Boeing
“We were able to realize almost immediate value—in terms of definitively quantifiable savings—by implementing the concepts introduced during this [Art of Negotiation] program.”Ken MurphyEVP of Sales and Operations, Mattress Firm
“In my particular case, I certainly care about the HR functions, but that’s not why I wake up every day. I care about advancing the ball down the field with our people’s professional development skills and knowledge. You guys focus 100% on the learning piece, and that’s what I like.”Jim StewartCLO, Teradata