Companies spend a lot of money on employee training. American companies spend over $90 billion annually on employee training. The average cost for training and development per employee is around $1,250, but there are, of course, huge variations depending on role, company and industry.
When turnover is high, as is increasingly the case across many industries, employers can feel like their training dollars are simply flying out the window and, even worse, potentially benefiting a competitor a departing employee may take a job with.
