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Building a Training Budget for Your Electromechanical Business

  • November 2023
  • Number of views: 1020
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Chase Fell
Technical Education Committee Chair
Jay Industrial Repair

It’s always important to spend time creating a training budget because it outlines the resources that a company allocates for its training programs.

Studies show that training spending per employee per year often falls in the range of 1% - 3% of the employee’s annual salary.

According to the 2022 Training Industry Report, on average, employees received 62.4 hours of training per year.* However, this data is not specific to industrial training.

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