For Second Consecutive Year, Verizon's Employee Training Programs Ranked Tops
in the U.S.
Company Achieves No. 1 Ranking in 'Training' Magazine's '2013 Training Top
NEW YORK, Feb. 20, 2013
NEW YORK, Feb. 20, 2013 /PRNewswire/ -- Verizon is ranked No. 1 on Training
magazine's latest 2013 Training Top 125 rankings of companies that have the
best training programs for their employees. This is the second consecutive
time Verizon has achieved the top ranking and the 12th consecutive year the
company has been named to the list. Verizon has been ranked in Training's Top
10 for four consecutive years.
The Top 125 rankings are based on several benchmarking statistics such as
effectiveness, impact on the business, total training budget, percentage of
payroll, number of training hours per employee program and workplace surveys.
Training magazine cited Verizon's implementation of Verizon Lean Six Sigma in
2012 as a key factor in the company's continued strong showing in the
rankings. VLSS, which aims to improve the company's processes to help increase
profitability and drive shareholder value, has already helped Verizon save
several million dollars in just the first year of implementation.
"To be recognized at the top of Training magazine's rankings is both an honor
and a reflection of the investment we have made as a company in our people,"
said Magda Yrizarry, chief talent and diversity officer at Verizon. "Having a
highly trained and skilled workforce is good for our employees, customers and
shareholders, and helps build strong leaders for the future across all of
Verizon's business units."
The publication also cited Verizon's innovative use of technology and social
media e-learning tools to help further the learning and development of its
employees. For example, more than 2,800 videos logging more than 2 million
views have been posted by employees to the company's intranet video site,
VZTube. The videos help employees show one another how they perform certain
tasks or solve certain common problems, which enables an interactive viral
In 2012, Verizon invested nearly $300 million in the development, education
and training of its employees, as well as nearly $100 million in tuition
assistance to over 23,000 employees.
Verizon's application to Training magazine's Top 125 list for 2013 contained
data from the company's largest business groups. The February issue of the
publication lists the companies on the Top 125 list and features Verizon
executives explaining the company's approach to educating, developing and
Winners of the Training Top 125 award, now in its 13th year, were honored on
Feb. 18 at the Training Top 125 gala, held during the Training Conference and
Expo in Orlando, Fla.
Verizon is committed to being an employer of choice. To learn more about
Verizon as a great place to work, visit www.verizon.com/jobs.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is
a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless
network, with more than 98 million retail connections nationwide. Verizon
also provides converged communications, information and entertainment services
over America's most advanced fiber-optic network, and delivers integrated
business solutions to customers in more than 150 countries, including all of
the Fortune 500. A Dow 30 company with nearly $116 billion in 2012 revenues,
Verizon employs a diverse workforce of 183,400. For more information, visit
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts, high-quality video and images, and other
information are available at Verizon's online News Center at
www.verizon.com/news. To receive news releases by email, visit the News
Center and register for customized automatic delivery of Verizon news
Contact: Ray McConville, +1-908-559-3504, firstname.lastname@example.org
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