Spend Less, Train More: How to Fit Your Training Budget to Your Training Needs: As Seen in Selling Power Magazine

Corporate training is big business. In the United States alone, corporations spend more than $60 billion annually on training and performance initiatives, according to the American Society for Training and Development. “The spending numbers are staggering,” says Linda Richardson, CEO of Richardson, a seminar and eLearning sales-training firm. “With the profitability of the average corporation running at less than 9 percent, anywhere from 5 to 20 percent of corporate profits can be consumed by training alone.”

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