Facts, statistics, practices, perspectives and more…
RESEARCH
- A Louis Harris and Associates poll reports that among employees with poor training opportunities, 41 % planned to leave within a year, whereas of those who considered their company’s training opportunities to be excellent, only 12 % planned to leave.
- A Hackett Benchmarking and Research report shows that companies that spend $218 per employee on training have more than a 16 % voluntary turnover, while companies that spend over $273 per employee have turnovers of 7 %.
- A 2014 report from Bersin by Deloitte, The Corporate Learning Factbook 2014: Benchmarks, Trends, and Analysis of the U.S. Training Market says that businesses increased training budgets by an average of 15 % in 2013, reflecting the highest growth rate in this area in the last seven years. It’s also likely that as the economy continues to mend, organizations are able to reinvest in areas that experienced significant cost cutting during the downturn.
- At Great Place to Work, organizations on the Fortune 100 Best Companies to Work For list invest significantly in training and development programs. In 2013, companies on the list offered 66.5 hours of training annually for salaried employees and 53 hours of training for hourly employees, with close to 70% of those hours devoted to employees’ current roles and nearly 40% focused on growth and development.
- Research shows an explosive growth in technology tools
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