Jul 25, 2007

The Learning Savings Account

Some days I'm very proud of my company IBM. Like today. IBM is announcing (at least in the US for now) a radical new way to help employees update their skills and learn new things.

Most of training budgets get spent at the beginning of a career, and then you get some days a year for incremental updates along the way but only for what you need for your own daily job. The most productive employees, and probably the employees that could leverage training the most in real life, get the least of it. But at the same time companies expect their workers to keep themselves 'employable' by updating their skill set and keeping it current. Most often, that is at the personal expense of the employee. Besides, hardly any training you get internally will prepare you for a new job aspiration or heaven forbid a career change at another company.

In today's announcement IBM will create kind of saving accounts that can be used for education and training, and adds 50% of what the employee contributes (up to 1000$ a year). It is completely controlled by the employee.

For more information read this article in the NY Times.

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