Source: Inside Training newsletter, Training magazine
According to an Internet survey of 3,100 senior human resource and development professionals conducted in December by Waco, Texas-based Equation Research for Novations Group, a consultancy in Boston, two-thirds of major U.S. companies will maintain or increase employee training and development (T&D) this year. Only 7.3 percent plan to cut T&D, though one quarter of respondents were uncertain of their budgets at the time the survey was conducted.
That breaks down to 32.1 percent that will increase T&D, 36.5 percent that will maintain their level of spending, 7.3 percent that will reduce and 24.1 percent that do not know yet.
Perhaps even better, it seems that nearly all employees will benefit from the expanded budgets. On the question of who would be receiving T&D over the next year, respondents reported that 90.5 percent would go to first-line employees, 86.9 percent would be directed to entry-level workers, 81 percent would be received by those in middle-level roles and 70.8 percent would be used to enhance the skills of senior-level executives.
Via NetDimensions
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