10 Statistics of Corporate Training
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US corporate training expenses significantly increased in 2017, rising 32.5% to $90.6 billion. Expenses like travel, facilities, equipment, and accommodation costs rose from $26.1 billion to $44.5 billion. Additionally, employee disengagement in training and development is estimated to cost US companies $500 billion annually in losses. Poor training also leads to high employee turnover, with 40% of employees leaving their company within the first year. The e-learning market is projected to exceed $200 billion by 2024 as more companies adopt bring-your-own-device policies to allow training access on employee devices without time restrictions.
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Why read this ?
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you stand compared to your peers. The goal of this report
is exactly that -- to help talent leaders like you benchmark
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1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
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Recruiting trends-global-linkedin-2015
The document summarizes key findings from a survey of over 4,000 talent acquisition leaders in 31 countries regarding global recruiting trends for 2015. Some of the main findings include:
1) Social professional networks have risen significantly as a top source of quality hires over the past 4 years, increasing by 73%. Competition and compensation remain the biggest obstacles to attracting top talent.
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recruiting-trends-global-linkedin-2015
The document provides a summary of the 4th Annual 2015 Global Recruiting Trends report. Some key findings include:
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Similar to 10 Statistics of Corporate Training
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2) While internet job boards remain the top source of quantity of hires, social networks are becoming increasingly important for sourcing in some countries like Canada, US, Brazil, Spain and Mexico.
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The document provides a summary of the 4th Annual 2015 Global Recruiting Trends report. Some key findings include:
1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
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The document summarizes key findings from a survey of over 4,000 talent acquisition leaders in 31 countries regarding global recruiting trends for 2015. Some of the main findings include:
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The document provides a summary of the 4th Annual 2015 Global Recruiting Trends report. Some key findings include:
1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
2) While 75% of professionals consider themselves "passive" candidates, only 61% of companies recruit passive candidates.
3) Quality of hire is considered the most valuable metric for measuring recruiting team performance globally. It is most commonly measured through new hire performance evaluation and retention.
4) Both candidates and companies are increasing their use of mobile for recruiting activities, and mobile optimization will continue to be important in 2015.
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1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
2) While 75% of professionals consider themselves "passive" candidates, only 61% of companies recruit passive candidates.
3) Quality of hire is considered the most valuable metric for measuring recruiting team performance globally. It is most commonly measured through new hire performance evaluation and retention.
4) Both candidates and companies are increasing their use of mobile for recruiting activities, and mobile optimization will continue to be important.
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1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
2) While 75% of professionals consider themselves "passive" candidates, only 61% of companies recruit passive candidates.
3) Quality of hire is considered the most valuable metric for measuring recruiting team performance globally. It is most commonly measured through new hire performance evaluation and retention.
4) Both candidates and companies are increasing their use of mobile for recruiting activities, and mobile optimization will continue to be important.
Recruiting trends-global-linkedin-2015
The document provides a summary of key findings from a 2015 global recruiting trends survey of over 4,000 talent acquisition leaders in 31 countries. Some of the main findings include:
1) Social professional networks have become one of the top sources of quality hires, increasing 73% over the past 4 years.
2) While 75% of professionals consider themselves "passive" candidates, only 61% of companies recruit passive candidates.
3) Quality of hire is considered the most valuable metric for measuring recruiting team performance globally. It is typically measured by new hire performance, retention, and hiring manager satisfaction.
4) Both candidates and companies are increasing their use of mobile for recruiting activities like job searching and optimizing career sites for
Recruiting trends 2015
The document summarizes key findings from a survey of over 4,000 talent acquisition leaders in 31 countries regarding global recruiting trends for 2015. Some of the main findings include:
1) Social professional networks have risen significantly as a top source of quality hires over the past 4 years, increasing by 73%. Internet job boards remain the top source for quantity of hires.
2) Competition and compensation are the biggest obstacles to attracting top talent. Employer brand and retention are the biggest competitive threats seen by leaders.
3) Sourcing highly skilled talent and improving quality of hire are the top priorities for recruiting organizations, though small and large companies differ slightly in their focus areas.
Diversity as a Revenue Engine: What 16+ Studies Reveal
Investing in diversity, equity and inclusion (DEI) leads to cost savings through reduced attrition and absenteeism, and faster, less expensive recruiting; it also contributes to the top line as well.
Hays-GSI-Report-2016
The document summarizes the 2016 Hays Global Skills Index, which analyzes skilled labor markets in 33 countries. Key findings include:
- Skilled labor markets have tightened further globally since 2015, as evidenced by a slight increase in the overall average Index score. This was driven by stronger demand for skilled workers as the global economy recovered.
- Europe and the Middle East saw the most pressure, with its Index increasing from 5.4 to 5.5. Other regions saw little change.
- The Americas showed increasing skills mismatches as unemployment and job vacancies rose simultaneously. Wage pressures remained stable.
- Asia Pacific saw diverging conditions, with loosening in large economies but skills shortages in some occupations and industries.
Hays-GSI-Report-2016
The document summarizes the 2016 Hays Global Skills Index, which analyzes skilled labor markets in 33 countries. Key findings include:
- Skilled labor markets have tightened further globally since 2015, as evidenced by a slight increase in the overall average Index score. This was driven by stronger demand for skilled workers as the global economy recovered.
- The Europe and Middle East region saw the most pressure, with its Index increasing from 5.4 to 5.5. Wage pressures and talent mismatches worsened as skilled labor supply indicators changed little.
- Conditions in the Americas were broadly unchanged, but the US and Canada saw tight markets while Central/Latin America struggled with Brazil's economic turmoil. Skills mismatches grew as unemployment
Hays Global Skills Index 2016
The document summarizes the 2016 Hays Global Skills Index, which analyzes skilled labor markets in 33 countries. Key findings include:
- Skilled labor markets have tightened further globally since 2015, as evidenced by a slight increase in the overall average Index score. This was driven by stronger demand for skilled workers as the global economy recovered.
- The Europe and Middle East region saw the most pressure, with its Index increasing from 5.4 to 5.5. Wage pressures and talent mismatches worsened as skilled labor supply indicators changed little.
- Conditions in the Americas were broadly unchanged, but the US and Canada saw tight markets while Central/Latin America struggled with Brazil's economic turmoil. Skills mismatches grew as unemployment
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Global Recruitment Trends - Fernando Magalhaes, LinkedIn
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10 Statistics of Corporate Training
- 1. 10 Statistics Of Corporate Training
- 2. In the year 2017, US training expenses rose significantly by 32.5% i.e. 90.6 billion dollars. Training expenses like travel, facilities, equipment & accommodation cost increased from 26.1 billion USD to 44.5 USD. TRAINING MAGAZINE
- 3. Employees are disengaged in their training & development, which is costing an annual loss of 500 billion dollars in the United States. RAPT Media
- 4. With the poor training of employees, 40% of the employees leave their company in first year. Go2HR
- 5. Gallup Insights 51% of currently employed adults in the U.S. say they are searching for new jobs or watching for new job opportunities
- 6. Gallup Insights Gallup finds that only 12% of employees strongly agree that their organization does a great job on- boarding new employees.
- 7. Training Magazine Average training expenditures for large companies increased from $14.3 million in 2016 to $17 million in 2017. Likewise, the number of small companies rose to $1 million from $376,251 in 2016.
- 8. Global Marketing Insights The e-learning market will exceed $200 billion by 2024, according to a new research report by the market research and strategy-consulting firm.
- 9. Training Magazine The rising trend of “bring your own device” (BYOD) among corporations is spurring the growth of the e-learning market as it allows users to access training on their devices without time restrictions.
- 10. Training Magazine Gamification is not a “video game at work”—a game veneer that attempts to create motivation through points and badges, fun and games. It is not about masking work by putting a game on top of it.
- 11. HR Magazine Companies investing $1,500 or more per employee per year on training average 24 percent higher profit margins than companies with lower yearly training investments do.