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© FT Montage/Getty Images Coronavirus disrupted face-to-face contact and forced companies to trim their costs, but it has also reinforced many employers’ commitment to training for a broader range of their middle and senior managers.
From a self-selective poll organised by the FT, more than a quarter of chief learning officers (CLOs) around the world said they intended to increase their budgets for executive education in 2021, while over half said they would maintain spending at 2020 levels. Just 17 per cent planned a reduction. The findings come from a pioneering survey conducted by the FT in partnership with Unicon, the international consortium for university-based executive education, along with the Association to Advance Collegiate Schools of Business and the European Foundation for Management Development — the two leading accreditation agencies — as well as the Society for Human Resource Management.
Of the 363 respondents surveyed in February and early March 2021, the majority worked for companies based in the US and Canada, but Europe, Latin America, the Middle East and Africa were also well represented. Respondents worked in organisations of various sizes: more than two-fifths oversaw workforces of fewer than 1,000 people and more than a fifth were responsible for training […]