US – Employers are no longer investing resources in training

Yesterday my colleague, Matthew Philips, raised an interesting question about the skill gap, pointing to new research that claims the problem is not that workers are unqualified, but that companies’ expectations have changed: They are no longer investing resources in training their staff.

It’s not hard to see why. Training is expensive, and Philips notes that people now spend less time in their jobs, which lowers the expected return on the training investment. Craig Copeland, of the Employee Benefit Research Institute, estimates that in 1983, almost 60 percent of men (ages 45 to 49) had been at their job for more than 10 years. In 2012, only 45 percent had been. Rates of long-term tenure fell for all men under age 60.

Chosen excerpts by Job Market Monitor. Read the whole story at Is On-the-Job Training Still Worth It for Companies? – Businessweek.