Nice to see you after a long while.
You have made two important statements. Of the two, one is in the heading itself. It reads, "What Are The Reasons For The Decline Of Technical Training Budgets In Organizations?"
The second statement is in the main body of your post. It reads, "Most companies today stress on Soft Skill Training Programs. This trend reversal has occurred in the past 10-12 years."
Rather than replying the statements, the question arises is what is the source of your information? Did you conduct any kind of survey? If conducted, then what was the sample size and was it specific to any industry or across the spectrum of industries?
To reply your question, let me quote you from my experience that there is discernible shift in the mindset of the employers per se. Companies continues to spend largest chunk of their training budget on the technical training programmes. Soft skills training programmes just consume 10-20% of the training budget. Be it IT industry or real estate industry, this is the scenario.
Other senior members, who are into the training or HR and also allocate budget for the training, can reveal their experience.
From India, Bangalore
Yes, its been a long time since I got on CiteHR. Lets connect offline.
From United States, Daphne
From India, Mumbai