Main image of article Do Companies Realize the Importance of Training Programs?

Training is critical for many tech pros—according to the most recent Dice Tech Salary Report, some 67 percent cited it as an important benefit their respective workplaces could provide. But are HR departments taking that need seriously?

The short answer is “yes.” CompTIA’s new Workforce and Learning Trends 2024 report surveyed 1,200 HR and learning & development (L&D) professionals about their plans for training and upskilling tech pros in the coming year; out of the 500 who responded to a question about their expectations for spending on staff training and development, 55 percent indicated an increase in training-related funding in 2024—up a few points from last year. Here’s the full chart:

It’s also important to note that nobody’s cutting training budget. With cutting-edge technologies such as generative AI rapidly remaking the workplace, companies can’t afford for their workers to miss out on the latest knowledge and tools. Training can also help companies ease the “skills gap” that’s currently preventing them from completing critical projects.

The 2024 Technical Skills Report from Pluralsight, based on a survey of 1,400 executives and IT professionals in India, the United Kingdom, and the United States, suggests that the “technical skills gap” is particularly acute in three areas: cybersecurity, cloud, and software development. Hiring for these specialized roles can be difficult, especially on a tight timeline; but internal training can quickly transform employees into specialists—or at least competent—in key areas.

If your company doesn’t offer subsidized training, it never hurts to ask: managers and executives clearly see the value in it. Constantly upgrading your skills can make you a more valuable opportunity—and expand your career options.