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Fortune 500 Companies Spend Hundreds of Billions on Corporate Training
According to the Association for Talent Development, Fortune 500 companies spent over $160 billion on corporate training back in 2013. Most of that was spent on in-person and computer-delivered training. That figure has been rising at about 1% year since, with the global total now roughly $370 billion, and a lot of that is wasted!
You’ve been in these types of classes—how much of what you “learned” do you recall?
How much time and money were wasted on formulaic scripts, icebreakers, side conversations, and flashy presentations?
How much do you use it on the job?
The old “learning styles” — such as auditory learners or visual learners — we now know don’t work. That expenditure could be reduced by 50% simply by focusing on recall and behavioural objectives, rather than the delivery objectives of the training developer or treating attendance as a meaningful KPI.
Focus on Recall and Behavioural Objectives and Decrease Your Training Costs!
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Synaptix Learning Solutions is a CTDP certified member, board participant, and proud supporter of the Institute for Performance and Learning, Canada's national association for learning and performance professionals, publisher of the Competencies for Learning Professionals and certification authority for the Certified Training and Development Professional (CTDP) designation.