As organizations begin to fully recover from the recession and move back to paths of growth—corporate training expenditure in the U.S. is booming. According to corporate HR expert Josh Bersin, U.S. spending on corporate training grew by 15% from 2012-2013. This growth equated to $70 billion spent on corporate training in the US and $130 billion spent worldwide. But what is this rapid growth attributed to? Bersin indicates that increases in corporate training budgets have largely been impacted by capability gaps—current and incoming employees do not have the skills and competencies required to meet market demands.
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