corporate training market 2012
DESCRIPTION
Corporate Training Market 2012. ff. Corporate Training Market 2012. Agenda: What’s happening? What does this mean to the independent training business owner? What can/should you do about it?. The Numbers. ~$290 Billion Global Market US~ $130 Billion EU~ $83 Billion - PowerPoint PPT PresentationTRANSCRIPT
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Corporate Training Market 2012
Corporate Training Market 2012
• Agenda:– What’s happening?– What does this mean to the independent training
business owner?– What can/should you do about it?
The Numbers
• ~$290 Billion Global Market– US ~$130 Billion– EU ~$83 Billion – Asia ~$28 Billion – India ~$20 Billion – Australia ~$9 Billion – South America ~$6 Billion – Africa ~$3.5 Billion
• Average training spend: ~0.7% of annual revenue
The Numbers
• Who receives the training?– Employees ~43%– Customers ~50%– Vendors/suppliers ~7%
• With whom is the training $ spent?– Insourced (personnel, facilities, etc.) 58%– Outsourced (trainers, developers, etc.) 42%
The Numbers• Which outsourced providers get the revenue?– Business Process Outsourcing ~ 5%– IT ~ 5%– Leadership ~ 3% – Compliance ~ 3%– Sales ~ 3% – Learning Technologies ~ 2% – Customer Service ~ 2%– Content Development ~ 1.5% – Communication/Presentation ~ 1% – Team Development ~ 1%
Key Points• Spend for Training Services Remains Conservative• Job Market Remains Static• Evolution of Learning Portals• Formalizing Informal Learning • Growth of Gamification • Social Badging, the New Tool of Recognition• Growing Focus on Knowledge Retention • Consolidation is a Key Strategy among Buyers and Suppliers • Outsourcing Grows While Offshoring Retrenches • Social Learning is Still a Facilitated Process
What does this mean to you?
What can/should you do?
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