It’s always useful to know what is happening in the learning and development space around the world.
Some of the key facts and trends in the US training market are:
- Corporates are focusing heavily on current and upcoming leaders as a result of skills shortages in management ranks.
- Approximately 21% of training program dollars is spent on leadership development and management/supervisory training.
- The US training market is worth approximately $58.5 billion.
- The average company spends $1,202 per employee on training per annum.
- The corporate learning market grew slightly from 2006 to 2007 by approximately 4%.
- The highest spending sector is finance and insurance, and the lowest is retail.
- E-learning has grown dramatically, driven largely by an increase in online training among small organisations.
- The younger generation of learners is driving changes in learning strategies toward social media.
These are the findings contained in the just-published 2008 Corporate Learning Factbook, by Bersin & Associates.
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