Bersin has a report out which says that corporations spent "seven percent more on corporate learning than in 2005". Other interesting datapoints:
- "Total spending on training grew from $51.1 billion in 2005 to $55.8
billion last year, with spending on products and services up to $15.8
billion, from $13.5 billion two years ago."
- "While budgets have increased, salary spending over the last four years
has remained relatively flat. In 2005, 73 cents of every training
dollar went to payroll expenses; in 2006, payroll expenses were 65
cents of every dollar."
"Learning technologies were now also being widely used by companies of all sizes, it found. Six out of 10 employers said they used virtual classroom technologies, and four out of 10 used learning management systems."
- "Sales training and management/supervisory training were the programmes
most in demand, and more companies were outsourcing their needs to
external learning specialists."
Employers spending more on training
Learning Budgets Rising, But Salary Spending Remains Flat, Says Bersin and Associates
Jim Kissane's Workforce Development Blog has a post that debunks some of myths associated with our country's job creation and the impact as the labor market continues to tighten.
Why Workforce Development is Struggling - Part 3 - The Truth about Job Creation
I can't say for sure, but his point may be played out some (or atleast we hope so...) in the numbers reported by Bersin, Jim states, " Many ask me about hiring more Immigrants? Older Workers? Younger Workers? Older and younger workers are already working at historically high levels. And while the number of migrants has grown and remains steady in the 1990s, net migration may not be as strong in the future, especially in light of new Immigration and related Homeland Security laws.
That leaves as a viable and economically attractive option - the development of the existing workforce. This is a huge area of opportunity since these are already people who you know - who work for you - and you know a great deal about them."
I have also seen a few different articles about how people are actually moving back to their countries of origin, Indian immigrants enticed to go home, Boston Globe, 2/5/2007, so I think that companies will only be forced to spend more on training and retraining their employees in the future.
Dave Boggs
SyberWorks, Inc.
SyberWorks e-Learning Podcast Series
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