Budgets set to soar as coaching gains popularity

February 2004
Personnel Today;2/3/2004, p3
Trade Publication
Employee training spend could increase by up to 25 per cent this year, according to a new survey. Most organisations will see an increase of up to 5 per cent in 2004, according to the survey released by Great Britain-based organization Balance Learning, while 21 per cent will see rises of more than 25 per cent. Around one-third will keep budget levels the same as 2003, and some small cuts are forecast by 16 per cent of respondents. The greatest increases are forecast for the financial services and retail sectors. Of those who are increasing their budgets, 67 per cent plan to spend more on blended learning solutions, 53 per cent will spend more on e-learning, and 47 per cent are will increase instructor-led training.


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