[quote="ianrose"]Hi Fellow Mngs,
We are spending about 0.97% on training. I think this is low...is there an average? What are you guys/girls spending?
Cheers
Ian[/quote]
I have no problem justifying 3-5% of gross salary for on-going training needs of my staff. That said, your industry may have quite different benchmarks.
Training spend
0.97% of what?
That said, I get to spend $0 on training. :?
Re: Training spend
[quote="ianrose"]Hi Fellow Mngs,
We are spending about 0.97% on training. I think this is low...is there an average? What are you guys/girls spending?
Cheers
Ian[/quote]
I have no problem justifying 3-5% of gross salary for on-going training needs of my staff. That said, your industry may have quite different benchmarks.
Training spend
1% of annual revenue for good companies
2% - 3% for great companies
I remember seeing this quoted somewhere