The 2019 Professional and Management Development Training Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
This industry includes companies primarily engaged in offering an array of short duration courses and seminars for management and professional development. Training for career development may be provided directly to individuals or through employers' training programs; and courses may be customized or modified to meet the special needs of customers. Instruction may be provided in diverse settings, such as the establishment's or client's training facilities, educational institutions, the workplace, or the home, and through correspondence, television, Internet, or other means.
Below are select highlights from the report:
INDUSTRY SIZE
In 2018, industry sales were $11.1 billion
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INDUSTRY GROWTH
Over the past 3 years, the industry has grown at an annual rate of 4.3%
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COMPANY GROWTH
There are 6,121 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company was $SALES PER COMPANY
In 2018, the average sales per company was $1.7 million
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INFLATION & PRICING
2019 forecasted inflation is 3.2%
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PROFITABILITY
For unprofitable companies, the average net loss is PROFITABILITY
For unprofitable companies, the average net loss is -9.5%
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RIGHTSIZING ANALYSIS
Employee productivity is $RIGHTSIZING ANALYSIS
Employee productivity is $227,234
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EXPENSE BENCHMARKING
2.6% of expenses is spent on health insurance
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OPERATING EXPENSES
In 2018, industry operating expenses grew 4.1%
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PAYROLL
In 2018, payroll per employee was $62,382
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PAYROLL BY STATE
California averages $94,780 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
12.7% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $20.48
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The above highlights represent a small fraction of what you will find in this report.
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