Skills are the new arms race

From Construction Industry Learning Goes Borderless - the current issue of ENR:

"A smarter workforce has never been more critical to business, studies say. In a 2013 report, corporate training specialist Josh Bersin at Deloitte Consulting LLC says that, overall, business now spends more than $135 billion on global training.

His report said the 12% spending rise last year was the highest in eight years and that the average corporate dollar investment in "social learning" grew 39% from 2011 to 2012. "Skills are the new arms race," he says.

Assessment data are sparse for global training specific to the AEC sector, but industry experts confirm companies' added commitment. "Globalization challenges place training and leadership development activities as first-order priorities—as never before—in the most successful organizations with well-developed learning systems," says Ted Lower, a former executive of Union Carbide and ICF Kaiser who now consults on leadership development for EFCG Inc., an industry financial management adviser."

Check out the FN University | Freese & Nichols, Inc. - link.