Corporate leaders know that investing in workers is good for business. According to a 2012 IBM survey, 71 percent of CEOs cited human capital as a “key source of sustained economic value.” Indeed, research shows that increasing workers’ human capital boosts firm productivity. Yet from 2001 to 2009, the number of workers who reported receiving training on the job fell by nearly 28 percent. What caused the decline in training?
One explanation may be companies’ increased focus on short-term profits, coupled with a lack of transparency around investments in human capital.
The above excerpt was originally published in Morning Consult.
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