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January 29, 2008
Oakland, CA – January 29, 2008 – Although management represents a small percentage of the corporate workforce, it gets the lion’s share of the corporate training budget, according to Bersin & Associates’ just-published 2008 Corporate Learning Factbook®. Approximately 21% of training program dollars is spent on leadership development and management/supervisory training.
“Corporations are investing heavily in current and up-and-coming leaders,” said Josh Bersin, president of Bersin & Associates, the only research and advisory firm solely focused on enterprise learning and talent management. “We see an emphasis in this area across all sectors. Looming retirements, gaps in management talent, and economic pressures are causing companies to funnel dollars into their leadership pipelines.”
One of the company’s most popular studies, the 77-page 2008 Corporate Learning Factbook analyzes a wide range of metrics, including: budgets, expenditures per learner, cost per student hour, program priorities, budget allocations, staffing sizes, staff to learner ratios, staff to total spending, technology usage and budgets, and outsourcing spending. The study is based on data collected by an August 2007 survey conducted in partnership with Training Magazine.
The Factbook offers corporate training executives baseline metrics which can be used to assess the efficiencies of their own corporate training initiatives. The Factbook includes 130 data points broken down by company size and industry sector, so executives can compare their own metrics with those from comparable organizations.
Josh Bersin will discuss the report’s findings and offer benchmarking guidance in a free webinar tomorrow, Wednesday, January 30, 2:00 p.m. EST. To register, go to http://events.interwise.com/?p=501131&t=7&s=bersin. The webinar will cover these and other findings:
“This study is the most detailed and up-to-date view of corporate learning and development available,” said Karen O’Leonard, research director for the study. “Our rigorous research methodology, combined with the extensive survey database we have built over the last few years, gives us a unique ability to quantify key metrics and provide fact-supported analysis of important trends.”
Factbook findings are the foundation for benchmarking workshops held at Bersin & Associates’ upcoming research conference, IMPACT 2008: The Business of Talent, April 22-24, in St. Petersburg, FL. For details, go to www.bersin.com/impact. A second webinar covering the report is scheduled for Tuesday, February 26, at 2:00 p.m. EST. To register, go to http://events.interwise.com/?p=501199&t=7&s=bersin.
The Corporate Learning Factbook is available at no cost to Bersin & Associates research members. Copies can also be purchased for $595. For more information, including a table of contents, go to http://www.bersin.com/factbook.
About Bersin & Associates
Bersin & Associates is the only research and advisory consulting firm focused solely on research in enterprise learning and talent management. Bersin & Associates’ WhatWorks® research and research-based services are designed to deliver actionable direction and to help improve operational effectiveness and business impact.
Bersin & Associates research members gain access to a comprehensive library of best practices, case studies, benchmarks, and in-depth market analyses designed to guide professionals in making fast and confident decisions. Research areas include planning and strategy, learning programs and delivery, talent management, technology and infrastructure, and measurement and analytics. Member benefits include in-depth advisory services, access to proprietary webcasts, on-site analyst visits, and strategic workshops.
Bersin & Associates is the host of the first research conference on enterprise learning and talent management, IMPACT 2008: The Business of Talent, scheduled for April 22-24 in St Petersburg, Florida (www.bersin.com/impact).
For more information, go to www.bersin.com or call 561 455 0622.