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In today’s competitive business landscape, investing in employee learning, development and training is crucial for maintaining a skilled and motivated workforce. Companies in the US are increasingly recognizing the value of such investments, dedicating significant resources to enhance their employees’ skills and overall performance.
Source: Rawpixel.com / Shutterstock Average Investment in Employee Training
On average, companies in the US spent about $1,207 per employee on training in 2023, a slight increase from $1,071 in 2021. Large companies typically allocate more funds, with an average expenditure of $1,689 per learner, compared to $826 for midsize companies and $1,396 for small