Training Industry Magazine - Spring 2024 - 48

Figure 2. Estimated Work Hours
43%
37%
Interestingly, among each of the questions related to their
feelings toward work, only " I can never seem to catch up
at work " showed any relation to salary; professionals who
struggled to keep up with their workload also earned the
highest salaries. Unsurprisingly (and perhaps unfortunately),
those with higher salaries generally tend to feel more
overwhelmed with their work. Similarly, higher-salaried L&D
professionals also tended to work longer hours per week.
10%
10%
CATEGORIZING FACTORS THAT IMPACT L&D SALARIES
20-39 hours
40 hours
41-50 hours
51+ hours
* Work Hours: The learning professionals surveyed tended
to work between 40 and 50 hours a week and were slightly
more likely to work greater than 40 hours than they were to
work 40 hours or less. (See Figure 2.)
* Size of Training Team: The size of a learning professional's
team depended on the size of their organization. Nearly
1 in 3 small organizations (less than 100 employees)
employed just one training professional, whereas 1 in 5
moderately sized organizations (between 100 and 1,000
employees) employed only one training professional.
Once organizations reach 10,000 employees or more,
their training teams tend to grow, often exceeding 20+
training professionals. (See Figure 3.)
HOW DO LEARNING PROFESSIONALS FEEL
ABOUT THEIR WORK?
The learning professionals felt a sense of identity and
satisfaction with their work, agreeing that their job was a big
part of who they are and disagreeing that they are planning to
leave their company or look for new jobs. (See Figure 4.)
Figure 3. Size of Training Team
Less than 100
Just 1
2-5
6-10
11-20
More than 20
30
27
15
9
18
101 - 1,000
21
53
16
3
7
1,001 - 10,000
9
29
24
15
23
More than 10,000
2
7
10
11
70
(Columns represent number of employees at the organization, rows represent number of training professionals employed.)
48
Our study strived to better understand compensation for L&D
professionals. The results revealed that the overall median
salary for a training professional is $100K. Figure 5 details the
breakdown of salaries across a variety of factors, including
job title, industry and size of company. While we found that
salary did not impact job satisfaction - L&D professionals
tended to demonstrate high levels of job satisfaction
regardless of salary - we noted that personal professional
development budget was related to satisfaction, with those
working for companies that invest in
their professional
development reporting higher satisfaction. This suggests
that learning professionals want to develop themselves, and
they prefer organizations that will support their growth.
THE SKILLS, ATTRIBUTES AND CHARACTERISTICS OF
HIGH-SALARY LEARNING PROFESSIONALS
The highest-salaried learning professionals had a few key
aspects in common:
* Mastery of the Training Manager Competency Model™,
particularly strategic alignment, needs assessment and
selecting and managing resources.
* Participating in professional development, including internal
training programs as well as external training programs and
conferences (both virtual and in-person).
* Completing a professional certification program.
* Holding a master's or doctoral degree.

https://trainingindustry.com/continuing-professional-development/training-manager-competency-model/

Training Industry Magazine - Spring 2024

Table of Contents for the Digital Edition of Training Industry Magazine - Spring 2024