Half of Employers Will Spend More on Training

By Jessica Marquez

Dec. 15, 2006

New Year’s Resolution: Almost half of U.S. employers plan to spend more time and money on training and developing supervisors and executives next year, according to a recent survey by Novations Group, a Boston-based consultancy. The survey, which was based on responses from 2,046 HR executives, found that among 11 categories of training, supervisory/management skills and leadership/executive development ranked as the first and second most important, respectively. The survey results indicate that companies are increasingly concerned about senior-level turnover and the loss of retirement-ready baby boomers, Novations president and CEO Mike Hyter says. As a result, Novations expects more organizations to tap external trainers and training organizations to help them with these issues.

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