Perhaps riding the wave of the “Great Resignation,” training salaries took a sizable leap in 2021-2022, rising 5 percent to $91,474, according to Training magazine’s annual Salary Survey of 1,265 readers, which ran from late March to June 2022.
The average increase in salary in the last 12 months (not including a promotion or change of employer) was 4 percent, the same as 2020-2021. The majority (59 percent) of respondents typically work between 40 and 44 hours per week. Some 38 percent of respondents said their salary was low relative to their responsibilities, while 45 percent said it was equitable (vs. 37 and 52 percent, respectively, the prior year). Some 10 percent believe they are well paid relative to their responsibilities (down a bit from 11 percent last year). Fifty-two percent of respondents said they received a bonus in 2021, and 59 percent are eligible for one this year. The average cash bonus was $10,769, up a bit from $9,298 the year before.
Only 4 percent of respondents said employers asked them to take a pay cut in 2021-2022, a quarter of the percentage from the previous year. Some 26 percent of respondents said their organizations cut budgets in the last 12 months, 10 percent less than in 2020-2021. Travel was trimmed by 34 percent of respondents’ organizations, down from 47 percent last year, as COVID-19 restrictions were relaxed. Only 7 percent froze salaries vs. 21 percent in 2020-2021. And 5 percent eliminated bonuses vs. 11 percent the prior year. Employee layoffs were noted by 12 percent, down from 29 percent last year.
Like last year, 68 percent of Training professionals said they wouldn’t choose another career if they could do it all over again. Popular answers for other careers included IT professional, lawyer, marine biologist, police officer, and professor/academic.