More than a Number

August 14th, 2012

If you are like us, leadership geeks, than you know all about HBR and its on-line resources. One such resource is the daily stat, where they send you “facts and figures to stimulate thought – and action.” On May 18th the daily stat was that employer-provided training has the same effect on job satisfaction as a – get this – 17.7% net wage increase! Being that Take Charge has a 35 year history in training and development, this comes as no surprise. We have had the pleasure of working with hundreds of employers to create greater job satisfaction through learning and development. Still the correlation with a nearly 20% wage increase was astonishing – especially given that there are so many other proven benefits of providing employees with developmental opportunities. Just two excellent examples are:

  • Verizon, holds the coveted number 1 spot on Training Magazine’s 2012 Top 125 list of companies that have the best training programs for their employees. The Top 125 includes rankings based on a myriad of benchmarking statistics such as effectiveness, impact on the business, total training budget, percentage of payroll, number of training hours per employee program and workplace surveys. “This award reflects the investment we have made in our people and our learning-management system,” said Marc Reed, executive vice president and chief administrative officer at Verizon.


  • Farmers Insurance was the #2 winner. Lorri Freifeld, chief editor of Training Magazine commented, “Despite tough economic times, Farmers continued to invest in employee development, increase the scope of its training programs, and focus on innovation.”

Organizations, both large and small, are choosing to invest in their employees to reap all the benefits training can provide while working to improve their bottom line. And, here is the good news! You don’t have to hand out those 10% raises this year. Instead consider developing a targeted training program: save yourself some cash – and increase profits in the long run.