![]() ![]() Looking ahead, the most frequently anticipated purchases are learning management systems and online learning tools and systems (41 and 40 percent, respectively, vs. Midsize retailers spent the smallest percentage of their training budgets on tools and technologies (1 percent). Midsize manufacturers had the largest tool budget in their size range ($1.1 million). Large retailers/wholesalers had the largest budgets for learning tools ($5 million). On average, organizations spent 16 percent of their budget or $708,255 (up from $445,434 last year) on learning tools and technologies. Such expenditures can include travel, training facilities, in-house training development, and equipment. Other training expenditures increased this year to $29.4 billion from $23.8 billion in 2019. For those who reported a decrease in their staff, the average decrease was 11 people-down from 16 last year. The average payroll figure for large companies was $4.9 million for midsize organizations, it was $987,713 for small companies, it was $246,125.įor those who reported an increase in their training staff, the average increase was 10 people, double the 2019 figure. This year, midsize companies spent only one-fifth as much as large companies, while small companies spent about one-quarter as much as midsize ones. Large manufacturers and midsize services organizations had the largest personnel costs. Some 23 percent said it was lower, up from 14 percent in 2019. Some 22 percent of organizations said they increased staff from the year before, while 55 percent said the level remained the same. The number for midsize companies dipped nearly $900,000 to $808,355 in 2020. Note: Although small companies have the smallest annual budgets, there are so many of them (101,258) that they account for one-third of the total budget for training expenditures.Īverage training expenditures for large companies increased from $17.7 million in 2019 to $22 million in 2020. organizations with more than 100 employees. The training expenditure figures were calculated by projecting the average training budget to a weighted universe of 130,281 companies, using a Dun & Bradstreet database available through Hoovers of U.S. But spending on outside products and services bounced back from $7.5 billion to $10.7 billion, while other training expenditures (i.e., travel, facilities, equipment) increased to $29.4 billion from $23.8 billion. Training payroll dropped nearly 18 percent to $42.4 billion as employees were laid off or furloughed. training expenditures in 2020 as they declined more than half a percent to $82.5 billion. market.ĬOVID-19 started to take a toll on total U.S. market, in terms of sheer numbers, these organizations receive a heavier weighting, so that the data accurately reflects the U.S. Note that the figures in this report are weighted by company size and industry according to a Dun & Bradstreet database available through Hoovers of U.S. Large companies (10,000 or more employees): 26% The data represents a cross-section of industries and company sizes. Only U.S.-based corporations and educational institutions with 100 or more employees were included in the analysis. This year, the study was conducted by an outside research firm May-July 2020, when members from the Training magazine database were e-mailed an invitation to participate in an online survey. Now in its 39th year, The Industry Report is recognized as the training industry’s most trusted source of data on budgets, staffing, and programs. To view the full report with the charts, visit:
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