Graduating high school and college students have many decisions to make about their career paths.
When researching career opportunities, management training programs are often overlooked, however these programs can provide a range of experiences within a company, from customer service to operations support. Intensive training programs help build understanding of business systems and show a dedication to an employer that is often rewarded by advancement in the organization.
In 2015, U.S. companies spent approximately $4.5 billion on training and development programs. This $4.5 billion included tuition reimbursement, on-site training courses to develop job-related skills, and access to job-related conferences and seminars. From a company’s perspective, the investment in training develops a workforce that is more productive, efficient, and knowledgeable—and provides a pipeline for future leaders.
I chose the travel and hospitality industry because I had a great opportunity for getting in at the ground floor and developing as a leader through the company’s management training program.
The average worker stays in a job 4.4 years, according to the U.S. Bureau of Labor Statistics, but the expected longevity of younger employees is about half that. By offering a clear career pathway, companies aim to reduce turnover and increase loyalty among employees. For an employee, an on-ramp to leadership—along with its rewards and opportunities—provides a healthy level of job security, yet is still challenging and fulfilling from a personal growth standpoint.
Training programs can last anywhere from a few weeks to more than a year in length, yet there are consistent deliverables for every program. The eighteen-month program at Hertz, for example, involves three six-month placements in various business units. Trainees develop functional and leadership skills, get hands-on experience, interact with senior leaders, and access career building resources across the Hertz network. Upon completion of training, employees can travel and work in locations throughout North America or around the globe.