Training budgets are back. Many organizations that made double-digit cuts in training funding in 2008 and 2009 increased spending on employee development in 2010. A survey by Bersin & Associates found that companies spent an average of 2% more on training last year than the year before—$682 per learner.
Part of the money paid for additional staff trainers, but some went toward instructional technology that was put on hold during the recession.
“This uptick in training spending and staffing is good news for employees and employers,” says Josh Bersin, the research firm’s CEO and president. “It’s a clear signal that companies are no longer focused solely on cost-cutting. They’re looking at developing theirand organizational capabilities to win in the marketplace.”
The new focus on training comes just in time. Nearly half of HR managers in a recent OfficeTeam survey said their greatest staffing concern was employee t...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Tip Card: Business Management Daily's Favorite Keyboard Shortcuts
- Teddy Roosevelt on leading the way
- The value of an executive assistant
- Where time gets wasted at work
- Supreme Court rules on pre-employment tests and disparate impact