For a company to thrive, it takes more than chasing numbers. It’s also about improving the employees’ work quality. By looking at the recent employee training statistics, it’s evident that investing in training is essential nowadays.
In the current era where everything can be done online, implementing a proper training program for employees is a great business strategy. It provides an open door for opportunities, such as boosting a company’s growth rate. Simply put, it’s an investment for the future that pays off big.
So, let’s dig into the most exciting statistics on learning and employee development.
- Companies that invest in employee training gain 21% more profit.
- Inadequate training and disengagement can lead to annual losses of more than $500 billion.
- 94% of employees agree to stay longer if the company invests in employee training.
- 74% of employees think they have a lot of untapped potential and want more training.
- Employee training research shows that 76% of employees look for opportunities to expand their careers.
- 89% of HR leaders agree that constant employee training is essential.
- 82% of organizations use learning management systems (LMS).
- 68% of employees want to learn or train in the workplace.
- According to employee development statistics, 73% of organizations provide industry-specific training and development.
Statistics About Investment in Employee Training
1. 70% of employees believe they lack the skills needed to do their job.
Here’s a shocking statistic right off the bat. Looking at employee training statistics for 2020 and earlier, we can see that 70% of employees think they lack the skills to do their jobs.
This stat alone should be enough to convince you that employee training is vital. However, this is only the first stat on our list, so there is clearly more to the topic.
2. Inadequate training and disengagement can lead to an annual loss of approximately $550 billion.
In the workplace, motivation comes in the form of an effective employee training program. A worker who knows their responsibilities and how to carry them out will undoubtedly be more productive.
The importance of training employees can be seen in the costs that come with a poorly motivated and trained workforce. Such inefficiencies can lead to more than $500 billion of annual losses.
3. Companies that invest in employee training gain 21% more profit.
Investing in employee training and development can lead to impressive profits. This is because practical training equals increased employee retention and higher productivity. As employees become more motivated to stay, the company is more likely to save money.
4. 44% of institutions stated that they planned on investing in online training tools.
In the 2019 Training Industry Report, 240 corporations responded to inquiries about the training tools they purchased. Moreover, 44% of them expressed a positive outlook on online learning tools to train their employees more effectively.
5. In 2019, 59% of talent developers invested more in online learning than in classroom-based training.
The future is here, and it is digital. However, the increasingly digital work environment has not forgotten the importance of training in the workplace.
Instead of learning in a typical classroom setting, online training has become convenient as, this way, employees can focus and learn at their own pace. There is also the bonus of improved communication and engagement.
6. 27% of talent developers struggled with budget constraints in 2019.
A tight budget has always been a problem for talented developers. However, employee training statistics point to an encouraging shift in this trend.
Namely, around a quarter of talent devs find their budgets troublingly stringent. It might not sound stellar, but that number is lower than it has been in years. For example, in 2018, the budget was a concern for 32% of talented developers. In the year before, 49% had such issues.
7. In 2019, 87% of employee training leaders reported that their teams would either stay the same or grow more.
Investment usually results in growth and stability. That’s also true for employee training. By investing in your workforce’s skill set and potential, employees are more likely to stay in the company longer and improve the quality of their work. Therefore, employee training is an excellent return on investment.
8. 82% of talent development teams said their executives fully supported employee engagement and training.
Talent development should be encouraged by every level of an organization, starting from executives. In employee development statistics from 2019, 82% of talent development teams declared that their executives actively supported employee engagement.
9. The total global spending on employee training was approximately $370.3 billion in 2019.
Apart from customers, employees should also be on a company’s priority list. This point is clearly visible in corporate training statistics, according to which global spendings on training and development reached $370.3 billion in 2019.
10. 84% of employees at top-performing companies receive all the professional training they need.
When employees perform well at their jobs, it’s a reflection of how valuable their training is. Recent employee development stats have concluded that 84% of employees who deliver quality results have undergone employee training. As a result, companies with well-trained employees enjoy a significant boost in morale.
Employee Development and Retention Statistics
11. 94% of employees agree to stay longer at a company if it invests in their training.
Learning and developing skills can boost engagement levels in the workplace. They also open room for everyone to expand their skill set and improve their performance, which is why training is important for employees.
According to the data on the matter, all these factors make employees more willing to stay as long as a company invests in their training and development.
12. 76% of employees look for opportunities to grow career-wise.
Alongside unused potential, people are also concerned with finding career growth opportunities. In a recent study, 76% of professional workers would like to expand their careers, which can be achieved through skill training.
13. In 2019, 63% of millennials stated they lacked the time to learn a new skill.
Time is the most valuable resource we have, yet it always seems to be the one we lack the most. Roughly 63% of millennials in 2019 would agree with this notion, as they claimed they’d love to learn a new skill but found themselves short of the time needed to do so.
14. 89% of HR leaders agree that constant employee feedback and training are essential.
Training is not a one-time event. Rather, it’s supposed to be a continual process of learning and communication. According to career development statistics, 89% of HR leaders agree that training is crucial for an employee’s successful career.
15. 68% of employees agree that training and development are the most critical policies in a company.
Along with HR professionals, 68% of the workforce agrees that employee training is of the utmost importance. Training is probably the most critical policy in an institution, judging by how experts and laymen alike regard the importance of investing in employees.
16. 39% of employees believe career growth is one of the most important factors that contribute to employee satisfaction.
According to stats on why people leave their jobs, an employee’s motivation level decreases due to a lack of room to grow. If they aren’t given any opportunities to advance in their career, the chances are that they’ll start looking for another employer.
17. 49% of talent developers agree that one of the main challenges is convincing their managers to dedicate more to their learning.
When talent professionals are asked, practically half of them will say that getting their managers on board with more investment in their learning is their biggest professional hurdle.
When looking further into the training and employee retention statistics, we can see that building a “learning culture” is the second-biggest obstacle to creating a workplace where employees can advance and develop their skills.
18. 36% of talent developers agree that increasing employee engagement is a serious challenge.
Research on employee engagement stats has shown that keeping employees engaged is vital yet challenging. About one-third of experts in this field understand the effort needed to maintain interest and motivation in the workplace, claiming that it’s one of the top hurdles to cross.
Employee Training Approach Statistics
19. 68% of employees want to learn or train in the workplace.
Implementing a training program is not as easy as it sounds since it requires considering everyone’s convenience.
According to employee engagement statistics, 68% of working professionals in the US prefer to learn in the workplace. That leaves around a third of workers who are unwilling to do that, which isn’t exactly a small percentage.
20. 58% of workers prefer to learn at their own pace.
The training frequency and speed are also relevant. Some people prefer a strict training schedule. However, 58% of employees want to learn at their own pace.
21. 49% of employees want to undergo training only when it’s necessary.
According to training and development statistics, 49% of working individuals prefer to take training courses only when necessary or when they want to. Otherwise, they feel that employee training actually adds more stress to their workplace.
22. 75% of employees accept a learning course recommended by their manager.
One of the current trends in employee training and development is to let managers decide which courses would be best for their workers. This way, managers can better reach and encourage employees. As many as 75% of employees have acknowledged that they would accept or try a learning course if suggested by the manager.
23. 41% of employees think that boring training programs can hinder learning.
According to recent data, one out of three employees noted that dull, monotonous courses discouraged them from learning more. A new employee training policy that’s dynamic and inclusive can help solve this problem.
24. A frequently trained employee contributes to 21% more profit.
The importance of training and development in the workplace is reflected in the individual employee’s productivity. Research on employee training has revealed that every trained worker will bring 21% more profit to their company.
25. According to employee development statistics, 73% of organizations provide industry-specific online training and development.
The great advantage brought by digitalization is that companies are now more inclined to train and coach employees. Nowadays, 73% of firms provide online industry-specific training and development courses, focusing on bridging the workforce’s skill gap.
26. 75% of companies utilize webcasting and virtual classrooms for their training programs.
According to recent video training statistics, 75% of companies use virtual classrooms and webcasting during their employee training programs. This aspect of digital learning can lead to increased engagement and accessibility for everyone.
27. 82% of organizations use learning management systems (LMS).
Along with virtual classrooms and webcasting, 82% of companies also use LMS (learning management systems). These are centralized software programs that help automate and keep track of online learning. When using these systems, there is no need to worry about inadequate training in the workplace.
28. 34% of organizations use mobile applications in their training programs.
Accessibility is one of the most significant challenges of online learning. However, this issue can be effectively addressed through the usage of mobile apps.
Investing in employee training and development nowadays means you simply have to consider mobile options. Today, 34% of companies use mobile applications in their employee training programs.
The importance of employee training is more than evident in today’s working environment. Professional education is not limited to traditional classrooms, nor is it only for beginners. There is hidden potential in every employee, waiting to be fully developed.
As seen in this compilation of employee training statistics, the worldwide demand for advancement is becoming prevalent. Therefore, it’s never too late to design a flawless employee training program. Aside from boosting engagement rate, it also lessens employee turnover, provides an open door for career mobility, and levels up a company’s morale and reputation.