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The 5 Major Trends in Corporate Training Today

The tense job market and rocky economy is driving rapid change in the corporate training sector. It's not good enough to boost employee productivity - you have to develop satisfied employees to improve retention and keep your training investment in-house.

Organizations are pushing hard to build these satisfied, productive and effective workforces, and that means leveraging every dollar they spend on training and development. The key challenge is finding cost-effective solutions to make learning more than an event, but instead an integral component of every aspect of job performance. As the sector evolves, five trends are influencing organizations' growing focus on employee training and development:

  • Growing training budgets. According to recent research, corporate training budgets will continue rising radically over the next few years to respond to increasingly competitive markets, pressure to do more with fewer employees and the need to retain skilled employees.
  • Training departments are evolving. No longer is the learning & development department an isolated operation.
  • Focus on developing leaders. With increasing baby boomer retirement rates and competition for talent, companies are short on skilled managers. Effective leadership and management training enables companies to grow from within and, in turn, minimize turnover.
  • HR is evolving. Today, human resources do more than hire and fire. They understand organizational capacity, identify weaknesses and develop strategies to improve. Corporate training is just one component of a strategic, supportive human resources program.
  • eLearning grows as a portion of training spend. More than 30% of training hours in the U.S. are delivered in an elearning format. Training professionals are focusing on using technology to improve their elearning strategies and they're increasingy including emerging technologies like simulations, social learning activities and mobile learning features in their training programs.