Important Corporate Training Statistics and Trends

The development of the workforce is crucial to an organization's growth. Corporate companies enroll their employees in training courses created by experts.  As per a corporate training statistic, organizations in the United States devote an average of 11% of their budget to staff training and development because they understand the favorable effects that training has on worker performance and organizational competitiveness (Freifeld, 2018). The global training market, projected to reach a staggering $6.4 trillion by 2026, is a reflection of this growth. However, despite this upward trend, many organizations still struggle with quantifying the tangible benefits of well-designed corporate training programs.

This article details 20 compelling corporate training statistics that serve as a wake-up call, highlighting the undeniable impact of corporate training on various aspects crucial for organizational success. These data points demonstrate that corporate training goes beyond being a mere expense and is a strategic investment that can boost employee engagement, enhance performance, and reduce employee turnover.

20 Statistics on Corporate Training

1. Companies with comprehensive corporate training programs have 218% higher incomes per employee than those without formalized training.

Considering the corporate training statistics conducted by Deloitte, it is evident that companies that have comprehensive corporate training programs are earning more than those that have not yet formalized a training program. One of the main reasons for this is that organizations can mold employees' skills according to their demands. This proves to be a game changer for the company as well as the employee. 

2. To remain employed, nearly three-quarters of workers want to learn new skills–but only once per quarter

The Upskilling Hopes and Fears research – which surveyed 2,004 working adults across the UK, found that 74% of workers want to acquire new skills in their training. This eagerness to learn is to remain employed and also advance in the workplace. But, employees want to learn at a different pace than companies think. Most organizations (36%) offer training once every month. However, only 25% of workers want monthly training. Most workers (33%) prefer quarterly training.

3. 74% employees feel they are not achieving their full potential due to lack of training.

A long-term research project commissioned by Middlesex University for Work Based Learning found that from a 4,300 workers sample, 74% felt that they weren't achieving their full potential at work due to lack of development opportunities.

4. Only 12% of learners say they apply skills from the training they received for their job.

A 24X7 Learning survey revealed that only 12% of learners say they apply the skills from the training they receive to their job. This suggests that learner needs aren't being mapped effectively before developing a program.

5. A majority of 68% of the employees prefer to learn and train at work in terms of skill development.

According to a 2015 ATD research study, only 38% of managers believe that their learning programs meet their learner’s needs.  They did a survey among 1120 learning professionals. 62% of HR managers believe that they are not doing a good job meeting the learner’s needs. Therefore, in 2016, make sure objectives line up with learners’ needs. If learners don’t see the course as relevant and practical to their real-life challenges, they will become frustrated. 

6. 59% of employees say training improves their overall job performance.

Surveymonkey states almost 6 out of every 10 workers think training helps them do their job better. Over half, 51%, believe training gives them more confidence and 41% say it helps improve their time management skills. 

7. At companies with more than 50 employees, 85% receive formal training.

Devlin Peck's article on employee training discusses a U.S. study showing that approximately 84.4% of those employed at companies with 50 or more employees received formal training at work. For continuing education, 69.8% of U.S. workers received formal training within the last 12 months, while 95.8% reported receiving some kind of informal training.

8. Gen Z demonstrates a higher inclination towards engaging with training materials, absorbing 50% more learning content compared to preceding generations.

According to McKinsey & Company's 2016 results, Gen Z is more likely to engage with training materials, acquiring 50% more learning content than their predecessors. This shows a significant shift in learning behavior, reflecting Gen Z's increased accessibility to educational materials. Such a tendency emphasizes the significance of tailoring training techniques to the learning styles of this new generation in the workforce.

9. According to a study, video-based learning is 95% more successful than text-based learning.

PopVideo's 2016 research found that employees are 95% more likely to remember knowledge provided through video compared to text-only methods. This demonstrates the usefulness of video-based learning in increasing information retention. Such findings highlight the need to incorporate multimedia techniques, particularly video, into training program content to increase learning outcomes and knowledge retention among employees.

10. According to a 2018 survey conducted by Axonify, around 91% of employees desire personalized and relevant training.

The above statistic underscores the importance of tailored learning experiences not only for engaging employees but also for enhancing their motivation to learn new technologies. This leads to improved performance and productivity as employees acquire the specific skills and knowledge necessary to excel in their roles, ultimately benefiting both the individual and the organization.

11. A LinkedIn survey concluded that almost 94% of employees would stay with their firm longer if it invested in their learning and development through formal training sessions.

This indicates a strong correlation between professional growth opportunities and employee retention. When companies prioritize learning initiatives, employees feel supported and empowered, leading to increased loyalty and commitment to the organization, which ultimately benefits the company's long-term success and stability.

12. Almost 50% of the workers state that lack of time is their company’s biggest challenge in corporate training.

The data highlights an incredibly prevalent issue in which nearly half of workers cite time constraints as the main reason for not engaging in learning and developing (L&D) initiatives within their companies. This means that employees are unable to manage their daily duties with the demands of continual improvement in their skills. In order to address this issue, businesses need to create flexible learning strategies which accommodate busy schedules, including self-paced and microlearning programs. 

13. Nearly half (44%) of small businesses favor instructor-led training for their employees.

According to a survey, despite the advent of online learning, many small firms (44%) continue emphasizing instructor-led training (ILT) for their employees. This traditional technique, used in classrooms under an instructor's supervision, promotes a more engaged learning atmosphere. It enables real-time feedback, peer engagement, and explanation of complicated topics, which small organizations frequently view as beneficial to staff growth.

14. According to Research Gate, employees who received leadership training increased their learning capacity by 25% and improved their performance by 20%.

With a notable increase of 25% in learning capacity and 20% in performance, it highlights the transformative effects of targeted leadership development initiatives. These findings emphasize the importance of investing in leadership training programs to cultivate effective leaders who can drive organizational success through enhanced skills and performance.

15. More than 50% of C-level executives believe that learning and development are crucial for an organization’s success.

This statistic shows strong agreement among top executives in the C-suite on the importance of the development and learning process (L&D) in ensuring an organization's success, with more than half of them recognizing its significance. This suggests a clear appreciation of the value ongoing learning initiatives can bring to innovation, encouraging employee growth and ensuring an edge in the market.

16. 70% of employees look for companies that prioritize development.

The latest Harris Poll survey reveals a significant mismatch between companies' perceptions of workforce development activities and real employee demands. Surprisingly, 70% of employees say they would consider leaving their present firm to work for another that prioritizes employee growth and development.

17. After using a Learning Management System, 72% of businesses believed to hold a competitive edge over the market.

The statistic highlights the significant impact of leveraging a Learning Management System (LMS) on businesses' perceived competitive advantage, with 72% reporting a positive effect. This suggests that implementing an LMS enables organizations to enhance employee training and development processes, streamline learning delivery, and adapt more effectively to the evolving needs of the workforce and market.

18. In the year 2022, the United States saw its training expenditure amount to $101.6 billion.

This investment is significant and demonstrates the United States' commitment to developing its workforce and skills. The expenditure is likely to be a recognition of the significance of continuing education in maintaining productivity and spurring economic growth. The substantial allocation is an investment in human capital and drives the development of different sectors.

19. 51% of HR managers say training employees is the best way to close their company’s skills gap.

The study shows that 51% of employers, including 51% of HR managers, consider employee training to be the most efficient method of combating the skills gap in their organization. This underscores the vital importance that continuous development and training play in bridging the gap between current skill sets and the ever-changing job requirements. 

20. According to 90% of HR managers, training benefits employee productivity and development, 86% say it improves retention, and 85% believe it impacts organizational growth. 

The research findings show that HR managers agree on the numerous benefits of training programs. With 90% highlighting the positive impact it has on employee productivity and growth, 86% citing higher retention rates, and 85% relating the benefits to the growth of the organization, training is seen as an essential tool for improving the efficiency of the workforce and ultimately driving business performance.

Conclusion

The above-mentioned corporate training statistics underscore the critical need for organizations to prioritize robust training strategies. With 74% of employees eager to learn new skills and remain employable, companies should understand the importance of assessing their employees' training needs and consequently developing corporate training programs for them. These statistics serve as a compelling reminder of the importance of data-driven decision-making in shaping effective corporate training initiatives. 

If you’re looking for a corporate training organization that helps bridge skill gaps and tailors corporate courses for your employees, Edstellar is your solution. With its vast range of courses and unique training delivery, Edstellar can elevate your training practice and revolutionize your team’s performance.