Paper Topic:

Best practices in training and development

When employees earn a degree , they are awarded 10 ,000 worth of company stock . Currently , 15 percent of UTC 's workforce is enrolled . Last year the company paid out 60 million , and it has spent 400 million since 1996 , when the scholar program was instituted in its current form . The program , Dailey says , has never been evaluated for ROI . Inherently people understand that a better-educated workforce is a more productive workforce ' This is the philosophy of longtime UTC CEO George David Dailey adds . He wants the best-educated workforce on the planet p

Training and continuing education are tracked at General Motors , says Jeff Johnson , director of benefit operations worldwide for the auto company . Under the firm 's Salaried Employees ' Tuition Assistance Plan managers must get approval from their supervisors before enrolling in courses that will earn them a desired undergraduate degree or advance their technical or managerial skills . They 're very rarely turned down ' Johnson says , adding that few employees want to waste their time or GM 's money on irrelevant courses . The yearly limit at GM is 6 ,400 per individual for undergraduate education and 10 ,000 for postgraduate courses

Generally , large companies are the most generous with tuition dollars but small and medium-sized companies do their best to keep up Washington Trust Company , a 16-branch bank in Westerly , Rhode Island gives tuition assistance to 70 of its 450 employees . Undergraduates must obtain a grade of at least C in their courses , and graduate students a B . Last year the company spent 73 ,000 , and Kristen DiSanto , vice president for human resources , considers it money well spent

Workforce Management on the Web 2004 . Pros and Cons of Training Modes 17 Oct . 2004

Rola , Monika . Don 't forget the human touch : enterprises swap horror stories and best practices with their e-learning...

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