Tuesday, January 18, 2011

Special Report on Training: More to Learn

U.S. companies regained their appetite for employee development in 2010, but a new report shows their tastes are changing. By Garry Kranz
January 2011

The recession reduced the corporate appetite for employee training programs, but hiring budgets are no longer being starved.
For the first time in three years, U.S. companies boosted the size of their training staffs in 2010, according to The Corporate Learning Factbook 2011, produced by research firm Bersin and Associates in partnership with Workforce Management. The average increase was 6 percent to 5.3 staff members for every 1,000 learners.
Not a feast, perhaps, but it’s better than the recent near famine. And should their financial results improve during the next 12 months, companies are likely to fatten training budgets even more, according to the report, which is due out this month and which culled responses from 748 U.S. companies with more than 100 employees. The difference is that “learning no longer is about courses and programs. Learning needs to be continuous, and it needs to be everywhere,” says Karen O’Leonard, a principal analyst at Oakland, California-based Bersin and author of the fact book.

Full Story: http://www.workforce.com/section/training-development/feature/special-report-training-more-learn/index.html

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