Best Practices for Developing World-Class Engineering Talent: Investment and Program Effectiveness

STUDY OVERVIEW

Technology companies are under increasing pressure to maintain and enhance their critical engineering talent while working with tighter training and development resources on a global scale. In particular, organizations are struggling to ascertain the appropriate investment and time commitment to ensure their training programs are effective. In addition, training leaders are seeking better ways to measure the effectiveness of their training programs.

Best Practices, LLC conducted this research to help companies compare their investment levels for engineer training programs - both for budgets and hours dedicated to development - with those of leading organizations. This study also examines how organizations are measuring the effectiveness of their training programs in maintaining and enhancing their engineering talent.

KEY TOPICS

• Study Overview
• Key Findings, Trends
• Program Investment, Relative Importance & Effective Measurement
• Best Practices
  
  

• Change in level of investment in engineer training and development programs over past two years
• Average cost invested per engineer in technical training and development
• Ratio of training budgets to corporate revenue
• Average number of hours invested per engineer in technical training and development
• Top method for measuring effectiveness of engineer training & development programs
  

• Recent Training Budget Trends: Budgets for training and developing engineers increased at 57% of participating companies over the past two years. During the same time period, nearly one-third of participants saw budget reductions.

• Training Hours per Engineer in the Workforce: The median number of hours of training and development the benchmarked companies provided per engineer in the workforce last year was 35.
  

The research employed a data gathering approach that reaps quantitative & qualitative data from 31 training & development executives from 28 leading technology companies. In addition, five in depth interviews were conducted to capture innovative practices in training & development programs.

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.