Investments in training on the rise by US businesses

Source: Accenture 2013 Skills and Employment Trends Survey: Perspectives on Training. Surveyed 400 executives at large US businesses with annual revenues of $250M or more.

consulting technology outsourcing

By comparison, a previous Accenture survey of US workers found that only

Consequences of not fixing skills gaps

New methods of delivering training to employees

Skills in the highest demand

Investments in training don’t reflect importance of training

use social mediause Massive Open Online Courses (MOOC) use gamification35% 13%

27%

IT skills

44%

Employers say 52% of their workers receive company-provided formal training

of executives identified training as one of the top ways for employees to develop new skills

72%

21% of employees say they receive company-provided formal training

Strategies for closing the skills gap

36%

Engineering skills

R&D skills

29%

Sales skills

29%

intend to increase training investments over the next two yearshave not invested

enough in training to develop the skills they need

35% 51%

Find a balance between formal and informal learning

Embrace new ways to develop skills Invest earlier in the talent supply chain

US executives at large companies confirm that a skills gap persists

say their employeesfeel additional pressure and stress

face eroding customer satisfaction

66% anticipate a loss of business to competitors

anticipate a delay in developing new products or services

53% 87%

59%64%

face a loss of revenue

use mobile delivery

42%

Concerned they won’t have the skills they need in the next one to two years 46%

Our research with 400 executives at large US businesses reveals these findings in the Accenture 2013 Skills and Employment Trends Survey: Perspectives on Training.