Training Spending Stuck in Neutral

The 2009 Training magazine Annual Industry Survey found that spending on training dropped during this recession year. But even before this recession, disturbing trends arose in spending on training. An analysis of overall spending on training in the US between 1986 and 2008, based on The Training An...

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Bibliographic Details
Published inTraining Vol. 47; no. 2; p. 16
Main Authors Bakir, Ingy, Carliner, Saul
Format Trade Publication Article
LanguageEnglish
Published Minneapolis Lakewood Media 01.02.2010
Subjects
Business expenses
Polls & surveys
Training
Trends
United States > US
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Summary:The 2009 Training magazine Annual Industry Survey found that spending on training dropped during this recession year. But even before this recession, disturbing trends arose in spending on training. An analysis of overall spending on training in the US between 1986 and 2008, based on The Training Annual Industry Survey, indicates that, in inflation-adjusted dollars, spending on training in 1986 and 2008 only differed by 1.5% -- despite a 38% increase in workers since 1986. Overall spending on training products and services grew several times since it first was tracked in 1983, both before and after adjusting for inflation. One of the areas with the sharpest increases in spending was custom training materials. Spending grew 249% in inflation-adjusted dollars between 1984 and 2005. Spending on training for executives, managers, and non-exempt employees fell by 40%, 16%, and 21%, respectively. Training for professionals only increased 0.5%.
ISSN:0095-5892