The best learning and development organizations support business initiatives tactically and help drive strategic change. Verizon did just that, earning it the No. 1 spot for the first time on the Training Top 125. Verizon and the other 2012 Top 125 winners continued to invest in training, collectively dedicating a mean of 4.52 percent of their payroll to the training budget. Some 24 newcomers earned a spot on the list this year, the 12th in a row Training has ranked the top companies of employer-sponsored workforce training and development.
Each Top 125 company was measured on quantitative (70 percent of total score) and qualitative (30 percent of total score) data. Factors influencing the rankings include:
- Training tied to business objectives
- Demonstrable results
- Number of trainers
- Employee turnover and retention
- Leadership development
- Tuition assistance
- Training technology and infrastructure
- Training budget and percentage of payroll
And much, much more. An outside research and statistical data company, under the guidance of Training magazine, scored companies on this data supplied by applicants. Then, our editors and the Training Top 10 Hall of Famers qualitatively reviewed the applications.
Best Practices and Outstanding Training Initiatives also were recognized in this issue (http://trainingmag.com/article/best-practices-and-outstanding-initiatives). Learn about Edward Jones’ Practice Makes Perfect; Grant Thornton’s Senior Management Development Program; LQ Management’s Here For You Field Deployment; and more. Plus, we inducted two new members—Microsoft and SCC Soft Computer—into the Top 10 Hall of Fame (see http://trainingmag.com/article/training-top-10-hall-fame-0). Congratulations to this year’s Training Top 125!
DOWNLOAD THE TOP 125 CHART WITH RANKINGS BELOW.