company training budgets

Employee Training Costs: How Much Should Your Company Be Spending?
Employee Training Costs: How Much Should Your Company Be Spending?

As HR professionals are well aware, hiring and training new employees is often more costly than upskilling current ones. A 2020 U.S. Bureau of Labor report shows that employee turnover costs corporations $1 trillion every year. What’s more, a recent Gallup Poll concluded that 87% of millennials see professional development opportunities as a deciding factor…