training budget

All posts tagged training budget

I recently came across some interesting statistics in spending on training from Tom Werner at Workplace Learning Today, which he had sourced from the Performance Improvement Quarterly.

• Total training spending (in 2008 dollars) increased just 1.5% from 1986 to 2008.

• Spending on training staff (in 2008 dollars) decreased 14% from 1986 to 2008.

• Overall spending on training products and services (in 2008 dollars) increased 232% from 1982 to 2008.

Notice that for the 26 year timeframe comparison of overall spending it increased 232 percent! Note that A Consumer Price Index of 158 indicates only 58% inflation since 1982, so there is 174 percent increase when not accounting for inflation.