Ernst & Young (E&Y) and Deloitte & Touche (D&T) ranked among the top 10 out of the 800 companies considered for Training Magazine's annual top training awards.
- Ernst & Young. E&Y was ranked No. 7 and was cited as best in class among professional services firms. The training process at E&Y includes formal programs, (both instructor-led and computer-enabled), as well as informal activities, (such as mentoring, counseling and on-the-job experience).
Although the firm has developed a strong e-learning portfolio, over 85 percent of its formal learning is still completed through classroom experiences. Ray McGowan E&Y’s Chief Learning Officer, explains, "Our learning process enables our people and the organization itself to be open-minded in hearing and valuing diverse perspectives, approaches and ways of thinking, which makes us better able to serve our clients and attract new ones."
- Deloitte & Touche. D&T was ranked No. 9 and was cited for embracing training and workforce development as a mission-critical strategy. It also provides both electronic and classroom learning. In 2001, D&T delivered more than 25 percent of its continuing professional education hours online. Its goal is to increase e-learning hours to as high as 40 percent in 2002.
James Wall, D&T’s National Managing Partner for Human Resources, explains, "Our e-learning curriculum is helping us accelerate our move to more cutting-edge, self-directed learning methods… At the same, we realize the importance of matching learning with the appropriate delivery method. That’s why we provide a combination of electronic and classroom learning that is customized to individual needs."
The recipients of the awards were selected by a team of Training Magazine’s editorial staff who conducted in-depth research and interviews at each company. Using these techniques, PricewaterhouseCoopers Consulting was ranked No. 20, Accenture was ranked No. 25, and Plante and Moran was ranked No. 55.
Training Magazine points out its award system is an attempt to differentiate companies that have displayed an unwavering commitment to people and their corresponding development in the face of economic uncertainty. In contrast to the top-ranked firms, it says, other companies viewed training as "just another line item to be cut" after the massive layoffs that were made in response to the recessionary economy.
View the complete list of winners.