How does your Sales Organization’s training budget stack up against the competition? Is your investment in Sales and Support Training and technology at par with industry standards?  Bersin & Associates provides answers in their 2007 Corporate Learning Factbook. Here are some of the highlights of the report:

  • The corporate learning market continues to grow, with budget increases averaging 7%.
  • In 2005, 73 cents of every training dollar went to payroll expenses; in 2006, payroll expenses were 65 cents of every dollar.
  • The average spending per learner is $1,273.  The highest spending sector is technology ($2,763) and the lowest is retail ($519).
  • Sales training and management/supervisory training are the program priorities for most learning organizations.
  • The highest growth areas of outsourcing for the coming year are in custom content development and LMS hosting.

    • According to a report …by Global Industry Analysts Inc., “eLearning: A Global Strategic Business Report,” e-learning is on the rise, and demand for it is expected to exceed $52.6 billion by 2010 worldwide.

    Additionally, the study said eLearning solutions are being deployed by a large number of corporations. Elearning is now the method companies use second-most often to deploy learning and development, according to the study.

    The study also found the U.S. e-learning market is the world’s largest, as its 2007 revenues are expected to exceed $17.5 billion. Further, the U.S. corporate e-learning market share is more than 60 percent.