The evolving role of employers in employee education | Penn Foster News

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The evolving role of employers in employee education

Published by The Hill

February 2, 2015

By Frank Britt

In the wake of the globalization across scores of industries, we have entered a new era of the skills economy. And in a skills economy and a skills marketplace, employers are—as should be expected—taking a different lens on the return on investment of sourcing, growing and attracting talent and on nurturing the pipeline of next generation employees.

A study from the Association for Talent Development indicates that U.S. businesses spent approximately $1,200 per employee annually on training in 2013, totaling $164.2 billion. Of that, 63 percent is spent internally and 47 percent is outsourced as employers recognize the importance of skilling workforces to remain competitive. This figure is in addition to the $18 billion invested in employee directed tuition assistance programs.

Historically, most of these training dollars have gone to the top of organizations. A study conducted by Bersin by Deloitte shows that in keeping with past trends, 35 percent of corporate training dollars were spent on a limited number of professionals in leadership and management positions in 2014. But, thankfully, that’s starting to change.

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