Research from Ezra, the leading provider of digital coaching, has found that more than half of UK office workers feel they have not been provided with the correct WFO tools to deal with pandemic problems within the workplace.
Globally, businesses spend $1,308 per employee each year on workplace training. This has climbed over the space of a decade (2009-2019) from $1,068 with company training spends increasing at a rate of 2% per year.
Hardly surprising, then, that Ezra’s survey of UK office workers found that 67% feel that the general training provided to them by their company is adequate.
A greater emphasis on workplace training has also seen the global market size of the workplace training industry climb considerably. Between 2009 and 2019, the market size increased from $244.4bn to $370.3bn - a 52% jump.
However, the latest data shows that while the market was still worth a notable $357.7bn in 2020, the problems posed by the global pandemic caused a 3% reduction to the sector - the first annual decline in over 10 years.
Founder of Ezra, Nick Goldberg, said: “Workplace training is now a fundamental part of modern-day business and it enables a company to remain compliant and competitive in an ever-changing business landscape.
