Those who can, teach.

Some U.S. companies have begun educating their staff at in-house universities. U.S. firms appear to have learned that no company can guarantee a worker a job for life, that the most important asset for the company and the worker is knowledge, and that as technology and working methods frequently ch...

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Bibliographic Details
Published in:Economist Vol. 337; p. 79
Format: Article
Published: Economist Newspaper Limited October 28 1995
Online Access:View this record in EBSCOhost
Description
Summary:Some U.S. companies have begun educating their staff at in-house universities. U.S. firms appear to have learned that no company can guarantee a worker a job for life, that the most important asset for the company and the worker is knowledge, and that as technology and working methods frequently change, a worker continually needs to acquire new sills. Some companies are establishing formal connections with local colleges, and others offer classes via satellite or on computer programs. A few companies even grant their own degrees. The largest growth area is in formal management training schools. It is generally believed that, although corporate-education programs do not come cheap, an ill-trained workforce can prove more expensive. The biggest gain, however, may be employee morale.