For companies like Google, Facebook, LinkedIn, IBM, Apple and Microsoft, a skilled workforce and intellectual property are the attributes that provide competitive differentiation. Knowledge-based companies are worth more than their tangible assets because of the value of their high-performing workforce who improve business practices and processes.
“Eight out of 10 business leaders believe their future commercial success will be dictated by how they best harness their knowledge—the way they share and apply the insights contained in their people, best practices and operating environment,” according to The Knowledge Advantage, a 2014 report from Ernst & Young, which included a survey of 300 business leaders across China, Germany, India, U.K. and U.S.
Companies that are successful provide opportunities for their employees to develop the knowledge, skills and abilities (KSAs) needed to close performance gaps, personally excel and positively impact their businesses. And, companies are translating this belief into spending dollars. U.S. corporations reported a 10 percent increase in training expenditures in 2014, the fifth period of year-over-year growth, according to according to “The Corporate Learning Factbook 2015".
This special report will provide you with insights into trends, training benefits and business drivers.