Commitment to Continuous Training in the Chemical Industry

According to a report by the American Society for Training and Development (ASTD), companies in the chemical and petroleum industries invest an average of $1,008 per employee in training and development annually. Additionally, employees in these industries receive an average of 39.7 hours of formal learning each year.

However, it is important to note that these figures represent industry averages and may not accurately reflect the practices of every petrochemical plant. Actual training expenditures and hours can vary significantly between companies, depending on factors such as organizational size, resources, and commitment to employee development.

A study by the European Chemical Industry Council (CEFIC) in 2015 found that the European chemical industry invests approximately 2% of its total payroll in training. The study also revealed that employees receive an average of 3.5 days of training per year, which is equivalent to around 28 hours, considering a standard 7-hour workday.

These statistics provide a general idea of the importance and investment placed on training within the petrochemical industry, but individual plants may have different KPIs and benchmarks based on their unique needs, resources, and priorities.

References

1. American Society for Training and Development (ASTD). (2012). 2012 State of the Industry Report. Retrieved from https://www.td.org/Publications/Magazines/TD/TD-Archive/2012/11/2012-State-of-the-Industry-Report
2. European Chemical Industry Council (Cefic). (2015). Facts and Figures – Training in the European chemical industry. Retrieved from https://cefic.org/app/uploads/2016/11/Facts-Figures-Training-2015.pdf