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Management and Leadership Training Receives Highest Percentage of Training Budgets

18/02/08

Permalink 10:14:23 am, by aCE talentNET Email , 305 words   English (US)
Categories: organisational development, engaging Talent, talent management, coaching & mentoring

Management and Leadership Training Receives Highest Percentage of Training Budgets

Link: http://store.bersinassociates.com/factbook.html

Bersin 2008 Corporate Learning Factbook finds and reports...

US$1202.00 average spent per learner in 2007
Although management represents a small percentage of the corporate workforce, it gets the lion's share of the corporate training budget, according to Bersin & Associates' just-published 2008 Corporate Learning Factbook. Approximately 21% of training program dollars are spent on leadership development and management/supervisory training.

While training directed to top-level employees is a high priority overall, specific industries invest heavily in other employee audiences as well. For instance, in telecommunications, 23% of training program dollars are spent on customer service training; technology companies invest 29% of training dollars on sales training; and pharmaceuticals spend 25% on compliance and other mandatory training.

One of the company's most popular studies, the 77-page 2008 Corporate Learning Factbook analyzes a wide range of metrics, including: budgets, expenditures per learner, cost per student hour, program priorities, budget allocations, staffing sizes, staff to learner ratios, staff to total spending, technology usage and budgets, and outsourcing spending. The study is based on data collected by an August 2007 survey conducted in partnership with Training Magazine.

The Factbook offers corporate training executives baseline metrics which can be used to assess the efficiencies of their own corporate training initiatives. The Factbook includes 130 data points broken down by company size and industry sector, so executives can compare their own metrics with those from comparable organizations. Bersin & Associates research members have access to the 2007 and 2006 Factbooks, which gives them three years of data trends with which to compare their organizations.

Findings from the 2008 Corporate Learning Factbook will be presented and analyzed in an upcoming webinar on Tuesday, February 26, at 2:00 p.m. EST. Click here to register.

Download this study today.

NB: Whilst the Bersin Factbook re training spend per employee is US based, aCE talentNET believes that, anecdotally it would be largely representative of the Australian experience as well.

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