2007 Training

2007 training?

2007

Training Magazine’s 2007 Industry Report finds the training budget has grown to $58.5 billion. However, growth is down compared with 2005 to 2006, when training budgets increased 7 percent, compared with 6 percent from 2006 to 2007. Organizations reported that an average of $1,202 (including staff salaries) was spent per learner on training.

Instructor-led classroom training remains the dominant delivery method, used for 65% of all formal training, while self-study elearning now accounts for 20% of student hours. However, the lines are becoming blurred because what used to be pure instructor-led training now is typically a blend of classroom and online learning.

Leadership development, which includes both management/supervisory training and executive development, is a $12 billion industry, including internal and external spending.