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Research Outline
Prepared for Mike M. | Delivered February 6, 2020
Sales Training Expenditures
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Goals
Obtain insights around the growth in spending for training that can help sales people achieve better results. Determine also the training spending growth and other trends in various verticals.
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Early Findings
Sales Training Expenditures
Around
33% of the companies
surveyed mentioned that they are contemplating to increase their external training allocations.
Around
18% mentioned
that they are planning to spend more on internal training.
Firms' spending on sales training is around
$20 billion
each year.
Typical companies spend
$2,000 per year
in sales training.
Companies are
putting more money
on training. Training budgets went up around
15%.
Total sales training costs are typically
two to three times
more than the amount paid to training providers.
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