US Enterprise Training Market On a Growth Curve, but…

According to the recent Corporate Learning Factbook 2014, published by Bersin, enterprises in the US are investing big time in employee development. Training budgets have increased by 15% in 2013. The study was conducted by polling about 300 companies in the last quarter of 2013.

While this is an encouraging sign for the Learning & Development functions, I am not sure if enterprises are mature enough to sustain this bullishness in employee development. Just look at the graph below and you will see a warning sign.

Chart showing growth in training investments between 2006 and 2013The dramatic cut back in training budgets in 2008 and 2009 serves as a reminder about the relative importance of training initiatives when the economy tanks. I am curious to find out how companies that performed well (even during the tough times) fared when it comes to training investments.

Srinivas Krishnaswamy

Advertisements

I love to read and share thoughts on technology, enterprise learning, mobile and any thing cool that impacts enterprises.

Tagged with: , ,
Posted in Learning, Training
2 comments on “US Enterprise Training Market On a Growth Curve, but…
  1. […] my post last week, I was lamenting about the steep fall in training budgets when the economy went through recession […]

  2. […] The training department has faced a chronic erosion in “authority” and decision-making power. Training budgets get cut when the economy goes south while logic tells you it should be the other way around! Read what I had to say about this issue here. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Archives
%d bloggers like this: