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Workforce Data and Trends

  • The Conference Board issued a recent report (Casner-Lotto & Wright Benner, 2006) finding that high school and college graduates are deficient in mathematics, reading comprehension and writing. Supporting this data, an ASTD survey (Paradise, 2007) showed that 25% of businesses sampled identified shortages of key skills as a top challenge. However, only 33.2% of employers provide remedial basic skills training to incumbent staff (Casner-Lotto et al, 2006).
  • The 2005 ASTD’s State of the Industry Report found that organizations spent an average of $643 to provide one hour of learning content (Sugrue & Rivera, 2005), and roughly $500 per employee for remedial skill training (Casner-Lotto et al, 2006).
  • ASTD reports that 27% of training in 2004 was delivered using technology. In addition, roughly 75% of online learning was self-paced (Sugrue & Rivera, 2005). They also found that more innovative organizations provide a range of learning opportunities to their employees in addition to web-based training, including work-based learning, access knowledge bases (81%), knowledge sharing opportunities (71%), and mentoring and coaching (70%). Blended-learning is becoming more popular, since it provides for more effective learning and transfer of knowledge to the job, making it easier to measure the outcomes of training (Casner-Lotto et al, 2006).
  • Prior research has found that the trainees’ level of engagement pre-training affects learning and behavior change; and also that those trainees who are engaged and have a career goal or map within the organization, are more willing to apply the new knowledge on the job. (Noe et al,1986)
 
Did You Know?
 

Deficits in basic skills cost businesses, colleges and underprepared graduates as much as $16 billion annually in lost productivity and remedial costs.

 
 

Source: U.S. Chamber of Commerce, Business and Education Network, Annual Report 2006