Virtual Training in Today's Most In Demand Skills for Individuals and Organizations
How much do you invest in training your employees, and how much should you allocate? According to the Association for Talent Development's 2023 State of the Industry report, organizations spent an average of $1,220 per employee on training, which is slightly less than the previous year. Some employees view training primarily as a reward and assess it based on their satisfaction rather than its impact on their performance or work output. Similarly, some managers treat training as a supplement or substitute for performance feedback and do not adequately evaluate its outcomes. In 2023, companies spent an average of $954 per learner on training, which includes methodologies like virtual reality (VR) and other technologies. The amount spent on training varies by company size; typically, small companies invest more while large companies spend less. Great leaders are not born; they are continuously evolving. They consistently work on improving themselves, their organizations, and their leadership skills. Damon Lembi, a two-time bestselling author, host of The Learn-It-All Podcast, and CEO of Learnit—a live learning platform that has upskilled over 2 million individuals—brings an athlete's perspective to leadership drawn from his background in baseball. Through his experiences, Damon has gained valuable insights into fostering organizational growth, effective leadership development, and the reasons learn-it-all companies consistently outshine their competitors. His experiences in baseball inform his informal mentoring of executives. He has consolidated these hard-earned insights into his bestselling book, "The Learn-It-All Leader: Mindset, Traits, and Tools," along with keynote speeches on leadership, entrepreneurship, and lifelong learning. When he's not working, Damon enjoys making memories with his family, reading, attending live music events, watching movies and baseball games, and walking in Sausalito with his companion, Pablo the Puggle. For more information: https://www.learnit.com/ Check out the Podcast: https://podcasts.apple.com/us/podcast/the-learn-it-all-podcast/id1714645917 LinkedIn: @DamonLembi
From "Lets Have This Conversation"
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