CFOs instinctively evaluate each budget request for relevance and track the ROI of each line item. However, they often end up overlooking a large expense: the unmanaged costs related to training.
Industry experts estimate that the average company spends roughly $1,300 on training per employee per year. Yet, our research suggests that indirect learning costs are three to four times higher than that, making the total cost of training to be 5X the direct cost.
Download our whitepaper on The CFO and Learning Spending to learn more about the true financial impact of unmanaged training.
NIIT is a market-leading, pure-play Managed Training Services company with over 36 years of experience in learning outsourcing. With a global footprint that spans over 40 countries, we help the world’s leading companies dramatically improve L&D effectiveness and efficiency.