Prospector Resin Blend
September 21, 2006 |
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In
this issue:

Try this issue's featured search: Plastics Training Programs

| Training: Still thinking of it as an option? |
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“With competitive issues on the forefront of everyone’s mind in the manufacturing world, many custom injection molding companies are cutting expenses. But quality is mandatory, so making investments in resources—human and capital equipment—is critical to keeping a competitive edge.” * Lower turnover, increased production efficiency and reduced downtime are all benefits from training that lead to improved profitability.
** Plastics News April 2005 |
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| Training is on the Rise! |
Annual spending on training & development per employee |
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Average number of annual learning hours per empoloyee |
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| Annual spending on training and development by companies and other organizations rose to $955 per employee in 2004 and was projected to reach $1,000 in 2005. In 2000, the total stood at $649. |
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The average number of annual learning hours per employee, which was 24 in 2000, reached 32 in 2004 and was projected to hit 34 in 2005. Training and development budgets account for anywhere from 2.25 percent to 3 percent of payrolls. |
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| — ASTD’s "State of the Industry Report," December 2005 |
Case Studies
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GE Sells Advanced Materials Division
GE has signed an agreement to sell GE Advanced Materials (Silicones & Quartz) to Apollo Management, L.P., a New York City-based private equity firm, in a deal valued at approximately US $3.8 billion in cash and securities.
View full article.

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