2011 Top 125 Organizations Excel at Employee Development
The insurance industry was a big winner this year, as Farmers Insurance and The Economical Insurance Group claimed the top two spots on the 2011 Training Top 125. Training magazine recognized the 2011 Training Top 125 winners with crystal awards and revealed their rankings during a black-tie gala held last night during the Training 2011 Conference & Expo at the San Diego Convention Center. Themed “The Crystal Ball,” the gala was sponsored by Ashford University, Franklin Covey, Harvard Business Publishing, KnowledgeAdvisors, Orrefors/KostaBoda, and Turning Technologies.
Now in its 11th year, the Training Top 125 is the only report that ranks companies unsurpassed in harnessing human capital. Some statistics of note:
The median revenue among applicants was $1.2 billion. The median training budget was $4.9 million, representing 2.9 percent of payroll.
The median number of employees trained per organization was nearly 6,000, with 3,500 trained online via self-study.
Some 96 percent of applicants have a technological infrastructure to support the delivery and management of training.
The median rate of turnover was 11.5 percent, and the median length of service was 7.2 years.
Internal candidates filled a median of 37 percent of job openings, while employees referred a median 22 percent of new hires.
Some 93 percent used employee satisfaction surveys, while 56 percent tied managers’ compensation to the development of their direct reports.
Some 98 percent used competency maps and personal/individual development plans.