That is wonderful, but I feel that employers with the wisdom to implement policies like yours have been shrinking in number. I think this is something of the consequence of making every person individually carry their own financial weight, resulting in bad public and private policies in a number of areas.
But it's the pressure on businesses to extract maximized profit in their 'core competitve area' too... it leads naturally to the thought that employees should pay their own time and money for their own training. I think every suffers a little loss of efficiency in that way.
I have no control but I am pretty positive that doing this sort of stuff resulted in great profits and value for the company. We had a trivial amount of turnover. I opened in 1991, but really started hiring in 1995. I sold for a decent nine digit sum in 2007.
In that amount of time, I can recall fewer people leaving than I have fingers and toes. In the end, we had a bit over 225 people and offices in three States.
I am lacking a control group, and I haven't the ethics to make one, but I'm convinced this was what enabled us to do what we did, as well as we did it.
I'm not very articulate, so I hope that helps. It bothers me to hear that people don't have their company invest in them. It wasn't me who made it all work, it was them who enabled me to go much further.
But it's the pressure on businesses to extract maximized profit in their 'core competitve area' too... it leads naturally to the thought that employees should pay their own time and money for their own training. I think every suffers a little loss of efficiency in that way.