- The Association for Talent Development ‘s (ATD’s) 2016 State of the Industry report found that organizations spent $1,252 on each employee for training and development in 2015. The membership association’s recently released report showed a $23 increase in spending per employee for training and development over 2014’s figure.
- The report showed that developing skills, knowledge and abilities was still an organizational priority. Respondents said that using technology for training increased, but that a live classroom is where 49% of all learning still occurs.
- The report also revealed that employees underwent 33.5 hours of training in 2015, up from 32.4 hours in 2014. The top three training subjects were managerial and supervisory responsibilities (12%); compliance and mandatory issues (11%); and business practices, procedures and processes (10%).
Since developing employees’ skills, knowledge and abilities is crucial to career growth and success in the workplace, survey respondents were wise to keep it at the top of their list of priorities.
Technology might be responsible for the $2 decrease in the average cost of learning per hour; $84 in 2014 down to $82 in 2015. Although half of all learning continues to takes place in a traditional classroom, using technology to train might be more cost-effective in the long run.