$56 Billion Budgeted for Formal Training in 2007

This post was written by Jacob McNulty

Yes - billion. 

This was the headline of Training Magazine in their December 2006 issue.

I have a quick  question.  If, as countless studies and experts have proven, formal training accounts for only 25% of the information that people need in order to do their job (while informal learning provides the remaining 75%) does that mean that $168 billion is earmarked for informal learning?

I doubt it.

Tags: business training, corporate training, development, informal learning, learning, learning portfolio, learning strategies, organizational learning, professional development, workforce development