Many companies are set to increase or maintain their budgets for executive training to prepare top managers for the post-pandemic era, an FT survey has found. The poll also highlights a fresh focus on fostering workforce diversity in the wake of the Black Lives Matter protests.
In a survey of 363 chief learning officers (CLOs) around the world, carried out this spring, more than a quarter said they intended to raise spending on executive education — shorter, non-degree programmes — in 2021.
More than half of the CLOs, who commission training for organisations, said they would maintain 2020 levels, while 17 per cent planned reductions.
In a further indication of recovery in the sector, Unicon — an alliance of leading executive education providers which partnered with the FT for the survey — said a third of its members expected their revenues to rise by up to 10 per cent. Another