BOSTON -- Two-thirds of major U.S. companies will maintain or increase spending on employee training and development this year, according to a survey of 3,100 senior HR executives by Novations Group, a global consulting organization based in Boston.
Only 7.3% plans to cut T&D spending. One quarter of respondents were uncertain of their budgets at the time the survey was conducted in December.
With respect to T&D spending how much will your organization budget for 2006?
"For training professionals these are the most positive figures in five years," said Novations COO Mike Hyter. "Renewed commitment to employee development no doubt reflects an improved profit picture, but also we believe a recognition that the job market will get stirred up considerably this year. And organizations are going to have to take steps to hold onto their top talent. This begins with training and development."
The Novations Group Internet survey of 3,100 senior HR and development executives was conducted in December by Equation Research.
Founded in 1977 and based in Boston, Novations Group is one of the country´s largest performance improvement organizations and serves client organizations on four continents. For information visit www.Novations.com.