As employers are becoming increasingly focused on re-skilling their employees, overall spending on training jumped 12 percent in 2012, according to a study by Bersin by Deloitte, a provider of research-based membership programs in human resources, talent and learning.
"As the pace of innovation accelerates and companies look to expand their operations, employees should acquire more specialized skills and adapt to a workplace that grows more transient, mobile and self-serving – what we call the 'borderless workplace,'" says Karen O'Leonard, lead analyst of benchmarking for Bersin by Deloitte. "Modern learning organizations are embracing these changes by rethinking how they operate to closely align with business needs. For U.S. organizations, that means committing more dollars to develop internal talent and to build the desired skills for competitive advantage."
Among the surveyed industries, the technology and manufacturing sectors experienced the largest budgetary gains with 20 percent increases in training spending. These raises are attributed to the facts that the technology sector is constantly changing, and the manufacturing sector is experiencing major shifts to remain globally competitive.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.