...senior executives understand that a highly skilled workforce is a strategic differentiator and they are making substantial investments in the development of their employees.
Alexandria, VA (PRWEB) December 06, 2012
U.S. organizations spent $156.2 billion on employee learning and development in 2011, according to the just-released findings of ASTD’s "2012 State of the Industry Report" sponsored by Skillsoft and Eagle’s Flight.
The report’s findings demonstrate that despite continuing economic challenges, senior executives understand that a highly skilled workforce is a strategic differentiator and they are making substantial investments in the development of their employees.
ASTD’s "2012 State of the Industry Report" is based on a survey of 461 organizations representing a diverse sample of industries, sizes, and locations. For comparative analysis findings are reported for three data sources: a consolidated source of all organizations; a data source pulling from the 30 BEST Award winning organizations; and a data source reflecting 27 Fortune Global 500 organizations.
Key findings are
- $156.2 billion spent on learning and development in 2011 in the US
- 56 percent of expenditures were on internal expenses ($87.5 billion)
- Per-employee spending decreased 4 percent ($1,228 in 2010, $1,182 in 2011), but the amount of spending on employees correlates to company size. Smaller companies typically spend more per employee on L&D than their larger counterparts.
- 14 percent of expenditures went to tuition reimbursement ($21.9 billion)
- Direct expenditure on learning as a percent of payroll increased from 2.7 to 3.2 percent.
- Employees averaged 31 hours of training in 2011. Employees in BEST organizations used substantially higher amounts of training, averaging 49 hours each.
- Technology-based delivery of instruction rose to 37.3 percent of formal hours, up from 29.1 percent in 2010.
- The top three areas of L&D content in 2011 were: managerial and supervisory (12.6 percent); profession- or industry-specific (11.6 percent); and processes, procedures, and business practices (11.6 percent).
ASTD's "2012 State of the Industry Report" is available on the ASTD Store.
ASTD (American Society for Training & Development) is the world’s largest professional association dedicated to the training and development field. In more than 100 countries, ASTD’s members work in organizations of all sizes, in the private and public sectors, as independent consultants, and as suppliers. Members connect locally in 120 U.S. chapters and with 16 international partners. ASTD started in 1943 and in recent years has widened the profession’s focus to align learning and performance to organizational results, and is a sought-after voice on critical public policy issues. For more information, visit http://www.astd.org.