"The Year 2006 Was One Of Growth For The Training Industry"

As if the glowing report about the health and growth of the restaurant industry wasn't positive enough, a short two-days later, here comes an equally glowing report on the state of the US training industry.

Training Magazine's 2006 Industry Report was just issued (link here). But before you run and print off your own copy, eyeball a few of these notable quotables!

* $15.8 billion was spent on training products and services this year... up from$13.5B in '05.
* Training budgets are up 7% over '05 figures.
* Companies are averaging $1,273 in training expenses per learner.
* Of Industries spending on training, Manufacturing and Healthcare = 24%
- Healthcare is up 20% over last year.
- Technology training budgets have risen 14%.
* Smaller companies (under 1k employees) are investing the most in training and budgets are growing. They use less classroom settings and computers compared to larger companies. They also show increasing investment in "other" training methods.
* Formal classroom training is down (to 62% from 70%).

This is a wonderful time to be in the training business! We're glad to be a part of the growing movement toward other, new technologies that reach the "digitally-disconnected." If you'd like to learn more, check out our White Paper and latest Research, available on the TV Trainer Home Page. Or call me directly... 952.221.1800.

Craig Evans for TV Trainer
"Faster-train and longer-retain your valuable Latino workers."
"We teach English a-job-at-a-time."