Verizon’s Employee Training Programs Ranked Tops in the U.S. Company Achieves No. 1 Ranking in ‘Training’ Magazine’s ‘Top 125′ List
NEW YORK, Feb. 17, 2012 /PRNewswire via COMTEX/ — Verizon is ranked No. 1 on
Training magazine’s latest Top 125 list of companies that have the best training
programs for their employees. This is the first time Verizon has achieved the
top ranking and the 11th consecutive year the company has been named to the
list. Verizon was also one of five companies recognized for Best Practices. Last
year, the company was ranked No. 3 on the list.
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.
“Verizon is committed to building a business as good as our networks and to do
that we depend on our highly skilled and committed employees,” said Marc Reed,
executive vice president and chief administrative officer at Verizon. “This
award reflects the investment we have made in our people and our
learning-management system.”
Last year, Verizon employees logged more than 9 million training hours to
advance their ability to deliver the best customer solutions and deliver the
full benefits of the nation’s most advanced broadband networks. For example,
Verizon devoted more than 60,000 hours to train frontline sales and service
representatives to use 4G LTE technology and devices as we continue to roll out
our 4G LTE network.
Training magazine also recognized Verizon’s efforts to advance a culture that
drives shareholder value creation. In partnership with Duke Corporate Education,
the program launched last year with Verizon’s senior leader team and will expand
to other employee groups globally. The program helps employees understand how to
drive long-term value creation and gives them the tools, framework and metrics
to analyze how their decisions and actions affect shareholder value.
The magazine cited Verizon’s use of technology as an effective way to deliver
quick online and on-demand training lessons to employees. The company uses
videos, podcasts, blogs, and its enterprise learning-management system to
deliver the right information to the right people at the right time, no matter
where they are. The company offers more than 14,000 courses in a variety of
formats, from classroom to self-directed learning online.
In 2011, Verizon invested nearly $300 million in the development, education and
training of its employees, as well as nearly $100 million in tuition assistance
to 31,000 employees.
Verizon’s application to Training magazine’s Top 125 list for 2012 contained
data from the company’s largest business groups. The February issue of the
publication lists the companies on the Top 125 list and features Verizon
executives explaining the company’s approach to educating, developing and
training employees.
Winners of the Training Top 125 award, now in its 12th year were honored on Feb.
13 at the Training Top 125 gala, held during the Training 2012 Conference and
Expo in Atlanta.
Verizon is committed to being an employer of choice. To learn more about Verizon
as a great place to work, visit www.verizon.com/jobs.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a
global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America’s most reliable wireless network,
with nearly 109 million total connections nationwide. Verizon also provides
converged communications, information and entertainment services over America’s
most advanced fiber-optic network, and delivers integrated business solutions to
customers in more than 150 countries, including all of the Fortune 500. A Dow 30
company with $111 billion in 2011 revenues, Verizon employs a diverse workforce
of nearly 194,000. For more information, visit www.verizon.com.
VERIZON’S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts, high-quality video and images, and other
information are available at Verizon’s News Center on the World Wide Web at
www.verizon.com/news. To receive news releases by email, visit the News Center
and register for customized automatic delivery of Verizon news releases.
SOURCE Verizon
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
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