![]() When you look at these numbers by size of company, the mid-size companies tell an interesting story. While 2020 initially saw a decrease in total spending, the need for skilled workers and better training throughout 20 resulted in higher expenditures buffered by additional spending on consulting, off-the-shelf and custom content, products, services, and technologies, and by, surprisingly, increased spending on facilities, travel, and equipment. training expenditures did increase from $83.5 billion to $92.3 billion. According to the Training Magazine report, total U.S. The above numbers have been greatly influenced by the COVID-19 pandemic. This article breaks down additional findings from that report in addition to findings from other industry leaders. Large companies also saw a decrease-from $924 in 2020 to $722 in 2021-or about 20 percent. ![]() Small companies (100 to 999 employees) decreased their per-person training expense to $1,433 in 2021 from $1,678 in 2020, while mid-size companies (1,000 to 9,999) increased their per person by nearly double, spending $581 in 2020 to $902 in 2021. When you break the numbers down by size of company, they become more interesting. spent $1,071 per employee this year on training costs that’s $40 less per person compared to 2020. According to Training Magazine’s 2021 Training Industry Report, the average company in the U.S.
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