£38.6 billion spent on training last year
An article on Training Zone explains how the Learning and Skills Council (LSC) has recently conducted a survey which shows that companies spent £38.6 billion on training last year, a 16% increase from 2005.
This all time high figure accounts for an increase of £3.5 billion after inflation. Research also shows that the proportion of vacancies that can’t be filled due to a skills shortage has dropped from 25% in 2005, to 21% in 2007, which affects 5% of employers.
Over 79,000 employers were surveyed and last year, over two thirds (67%) of businesses spent a combined total of 218 million days training their workforces. The average money spent per employee on training increased by 11% from £1,550 in 2005 to £1,750 in 2007.
If you would like to provide further training for your employees, whether it be a tailored training course, vocational training or one-day open courses, contact t2 business solutions to see the variety of options available to you.
For more information on the survey results visit LSC.













Recent Comments