Companies are spending more on corporate training. According to recent studies, spending on corporate training grew by 15% last year. The US alone spent nearly $70 billion to promote corporate L&D with high performing companies spending marginally more on training than average. This rapid growth may be attributed to the dearth of a skilled supply chain and capability gaps that haunt large companies around the globe. This means a lot of companies have to train, retain and jointly educate their workforce. Many companies are turning to emerging standards in technology like virtual learning platforms and Learning Management Systems to stay ahead of the curve.

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