FOLLOW

FOLLOW

SHARE

OTJ Is A-OK

Executives say employee training is important, but few companies do it well.

1Apr

A new survey from McKinsey & Co. paints a decidedly mixed picture of corporate training initiatives. On the one hand, executives rank "capability building" as a top priority — 15% of senior leaders, in fact, rate it as the top priority, while 55% place it in the top three. But when it comes to actually employing various training methods to develop certain skills, on-the-job training is by far the dominant approach, used twice as often as more-formal and more-structured methods. Lack of resources and funding inhibit such efforts, but so too do organizational resistance to change and inconsistent application of training methods. Fewer than 10% of companies develop training efforts with an eye toward competitors' capabilities; those that do tend to achieve more-positive results.


Training as a strategic priority

Comments

comments powered byDisqus
Cfoport

Read next:

Finance At BeyondCore

i