According to the results of the 2011 ERC/Smart Business Workplace Practices Survey, the percentage of organizations providing employees with financial assistance for employees to upgrade their skills increased from 2008. In 2011, 91% of organizations report providing such assistance – the highest it has been since 2007. 2010 showed that the percentage of employers paying for training and development decreased, but now appears to be rising again.
While employers continue to use classroom training, tuition assistance, and other traditional avenues to develop their employees’ skills, they are increasingly leveraging web-based methods and e-learning for training. Specifically, 71% of respondents indicated that they used web-based training for employee development, a significant increase of 39% from 2007 and 43% since 2004.
“This survey shows that a growing number of organizations recognize the value of providing financial assistance for employees to upgrade their skills. Employee training programs are a vital part of developing and retaining top talent at all levels of an organization,” says Kelly Keefe, President of ERC.