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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

terrih's picture

0.97% of what?

That said, I get to spend $0 on training. :?

tlhausmann's picture

[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.

US101's picture

1% of annual revenue for good companies

2% - 3% for great companies

I remember seeing this quoted somewhere