Wise Investments
A recent study of 3,200 U.S. companies conducted by researchers at the University of Pennsylvania revealed that a 10 percent increase in spending for workforce training and development leads to an 8.5 percent increase in productivity, while a similar increase in capital expenditures leads to an increase in productivity of just 3.8 percent.
- John Maxwell, Leadership Wired, Vol 8, Issue 18.
I’m grateful that I work for a company (Lockheed Martin) that seems to genuinely value training and investing in their employees. I’ve already had numerous opportunities to take course that expand my skillset or stretch me as a leader. I’m benefitting from the size of Lockheed, as well. Their training opportunities are much larger because they are such a large company.