Trends in information technology are changing fast. And IT training is a cost-effective way to prepare your IT team to execute complex projects, boost retention and postpone more expensive hires.
In fact, 40 percent of employees who receive poor training leave their positions within
the first year, and employee turnover costs companies 20 percent of that person’s yearly salary. When employee turnover rate is high, productivity and innovation also suffer. Offering training stipends or formal training programs helps retain and attract talent and reduce turnover costs.
However, only 12 percent of companies believe their IT training strategy is effective. As more businesses face pressure to adopt complex technologies like artificial intelligence, cybersecurity and big data, IT training is more important than ever.
In 2017, spending on corporate training grew to $93.6 billion in the United States
IT training helps staff acquire new skills that increase their contribution to the business and keep them in touch with new technology developments. When your IT staff is continuously learning, they bring more knowledge to the table – and your business reaps the rewards.
As the largest independent IT training company in the world, New Horizons surveyed hundreds of companies across more than 10 industries to get a pulse on the IT training industry, challenges to businesses and trends in 2018. Read on to discover how companies are approaching IT training now and in the future.
If you want to know more about the status quo as well as the future of IT training in the US, please move forward to the full report: 2018 State of IT Training Report