In 2023, corporations and educational institutions based in the United States were asked to report on the reasons behind the increase in the training budget that year. According to the survey conducted, the largest share of respondents stated that their training budget increased as a result of increased scope of training. This was followed by over half of respondents claiming that added training staff was the reason for the training budget increase. The third place ranking of just under half of respondents claimed that an increased number of learners served was why the training budget was increased.
Reasons why the training industry budget increased in the United States in 2023
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Outlook
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Statistics
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- Average training budget worldwide by company size 2016
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- Per employee direct learning expenditure worldwide by company size 2018
- Future ethics and compliance training activities globally 2017-2018
- Share of companies which are offering compliance training, by topic 2017
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Training Magazine. (November 14, 2023). Reasons why the training industry budget increased in the United States in 2023 [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. "Reasons why the training industry budget increased in the United States in 2023." Chart. November 14, 2023. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. (2023). Reasons why the training industry budget increased in the United States in 2023. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. "Reasons Why The Training Industry Budget Increased in The United States in 2023." Statista, Statista Inc., 14 Nov 2023, https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine, Reasons why the training industry budget increased in the United States in 2023 Statista, https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/ (last visited May 21, 2024)
Reasons why the training industry budget increased in the United States in 2023 [Graph], Training Magazine, November 14, 2023. [Online]. Available: https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/