Talent Management: State of the Industry Report
November 9, 2010
Training and Development Magazine just released it’s annual “State of the Industry” report for 2010, sponsored by the American Society for Training and Development (ASTD). Key findings from this report include:
- Despite a challenging economic environment, organizations continued their financial commitment to learning and development for their employees at levels nearly equal to or greater than those in past years.
- ASTD estimates that U.S. organizations spent $125.8 billion on employee learning and development in 2009, with $47.3 billion of that total spent on external vendors.
- The proportion of most companies’ training budgets allocated to external vendors increased in 2009 to 26.9% from 22.0% in 2008.
- The average annual learning expenditure per employee for all companies surveyed grew from $1,068 in 2008 to $1,081 in 2009 – an increase of 1.2 percent.
- The amount of learning expenditures as a percentage of payrolls decreased slightly from 2.2 percent in 2008 to 2.1 percent in 2009.
- Employees in surveyed organizations accessed an average of 31.9 hours of formal learning content in 2009, down from 36.3 hours in 2008.
- The average percentage of formal learning that employees accessed through e-learning approaches was 36.5 percent. This represents the highest level since ASTD began collecting this data 14 years ago, and indicates that the use of e-learning continues to steadily increase.
- As a point of comparison, in 2002, the ratio of “instructor-led” versus “technology-based” delivery was 71.1% to 15.4%. Last year, it was 58.8% to 36.5%.