News: Boeing to spend $100 Mn in employee development

Learning & Development

Boeing to spend $100 Mn in employee development

Improving digital literacy and understanding what trends will impact future jobs within the manufacturing industry, is important for American multinational, The Boeing Company.
Boeing to spend $100 Mn in employee development

Addressing the need of upskilling, Boeing will be spending $100 Mn on new workforce development programs. This investment is part of Boeing's plan to invest $300 million in an employee gift-match programs and its charitable giving focus on education, the community, and veterans and military personnel.

The American aircraft manufacturer has even crowdsourced ideas from employees to find out it should invest the money for learning and development. And it has already received more than 40,000 ideas from workers across the globe. 

"Improving digital literacy is a top priority for the company, as well as understanding what trends will impact future jobs within the manufacturing industry," said Heidi Capozzi, Senior Vice President HR, Boeing.

Boeing would also partner with Degreed as part of the new programs, and provide access to online courses and degree programs to its employees.

Lately, more and more organizations are realizing the significance of learning and development and making more investment in this area. With the nature of work and business changing rapidly in the VUCA world, skilled labor is what will give any company it's edge in Digital 4.0.

Investing in employees and creating a culture of development can increase engagement, retention and productivity, and also prepare the company for ongoing and upcoming disruption. 

Image Source: Boeing.com

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Topics: Learning & Development, Skilling

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