Employee training is a costly endeavor but a crucial one. Companies that invest in employee development are twice as likely to retain their employees as organizations that don’t, according to Gallup. So employee training is a boost to workers and the health and longevity of the company as well. But the key isn’t how much they spend—it’s the effectiveness of the lessons.
According to a 2022 Association for Talent Development survey, organizations spend about $1,280 per employee on training and workplace education every year. Organizations are increasingly looking to technology to accelerate learning and reduce costs, helping to make tech-based training a big market. Statista forecasts that the global e-learning market will reach nearly $400 billion by 2026.
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