In 2021, corporations and educational institutions based in the United States were asked to report on the reasons behind the increase in the training budget that year. According to the survey conducted, the largest share of respondents (59 percent) stated that their training budget increased as a result of increased scope of training. This was followed by half of respondents claiming the purchase of new technologies/equipment was the reason for the training budget increase. The third place ranking is completed by the 45 percent of respondents who claimed that adding new training to staff was why the training budget was increased.
Reasons why the training industry budget increased in the United States in 2021
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Training Magazine. (November 30, 2021). Reasons why the training industry budget increased in the United States in 2021 [Graph]. In Statista. Retrieved May 28, 2022, from https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. "Reasons why the training industry budget increased in the United States in 2021." Chart. November 30, 2021. Statista. Accessed May 28, 2022. https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. (2021). Reasons why the training industry budget increased in the United States in 2021. Statista. Statista Inc.. Accessed: May 28, 2022. https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine. "Reasons Why The Training Industry Budget Increased in The United States in 2021." Statista, Statista Inc., 30 Nov 2021, https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/
Training Magazine, Reasons why the training industry budget increased in the United States in 2021 Statista, https://www.statista.com/statistics/795909/reasons-why-training-industry-budget-increased-us/ (last visited May 28, 2022)