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Research shows growth year for US training budgets
Oakland, California, USA. Research and advisory firm Bersin & Associates has announced the availability of new research on the state of the corporate training industry in the US.
The study was conducted in August 2006, based on an online survey of more than 330 corporations in the United States with more than 100 employees. The results will appear in the December issue of Training magazine, in its 25th annual report on the corporate training market and trends.
Josh Bersin, president and founder of Bersin & Associates, said: "Over the past few years, the learning and development function in organisations of all sizes has grown in stature. Economic growth, new governmental regulations, and the challenges of an aging workforce have made learning and development a strategic business function. More organisations are viewing training as a key component to their long-term success, and are increasing budgets to invest in the future."
According to the report:
* Organisations of all sizes and across nearly all industries reported higher budgets this year. Overall, training budgets increased an average of 7%.
* The training budgets of health care companies have shown the greatest increase, up 20% over last year. More than 40% of health care companies also reported training staff increases this year.
* Technology and financial services companies also reported large budget increases of 10% or more. The technology sector has the highest proportion of companies reporting training staff increases (69%), but this group also had a fair number reporting staff decreases (23%). Pharmaceutical companies also show a mixed story, with 40% reporting staff increases and 30% reporting staff decreases.
* Instructor-led classroom training continues to be the delivery method of choice, used for 62% of all formal training. However, use of self-study e-learning continues to rise, now accounting for 15% of all training delivered.
Bersin & Associates says the report also covers how companies are spending their training dollars, which skills are in most demand, and the rise in outsourcing. They add that readers will find information and statistics on the use of new approaches to learning, how programmes are being delivered, and how delivery varies depending on company size, industry and type of training.
Further analysis of the state of the industry research will be available from Bersin & Associates in an expanded study, 'The Corporate Learning Factbook: 2007'. Visit www.bersin.com/factbook for more information.
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