January 23, 2009
Corporate Training Funds Drop
Corporations cut the money they spent on training sharply from 2007 to 2008, according to the 2009 Corporate Learning Factbook.
The factbook was published by Bersin & Associates, a consultant for learning and talent management. It shows that the U.S. corporate training market shrunk from $58.5 billion to $56.2 billion over the year, the biggest decline in more than a decade.
Average training expenditures per employee fell 11 percent.
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