education is on the rise, and one indicator can be found
in the amount of money employers are spending to sharpen
the minds and skills of their workers.
Human Resources Association reports that American
businesses spend in excess of $2 billion a year on
to a 2005 state-of-the-industry report by the American
Society for Training and Development, the average annual
training expenditure per employee increased to $955 from
$820 in 2003. (Up 16%)
also receiving more hours of formal instruction. That
training increased to 32 hours of learning per employee in
2004 from 26 hours in 2003. (Up 23%)
Why the huge investments in time and money?
The University Continuing Education Association in
Washington, D.C. says employers are also concerned about
the first wave of baby boomers – the 77 million Americans
who will be eligible for retirement.
is a very educated population, and employers are concerned
about replacing this talent source.
demands on your leaders continue to increase. The bar is
going up … what are your plans to deal with these
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