Van Meter Inc., Cedar Rapids, Iowa, is on Training magazine’s “Training Top 125” list, an annual ranking conducted annually to assess and recognize excellence in employer-sponsored training and development programs. More than 500 companies were up for consideration. Van Meter claimed the 125th spot for 2016, joining companies like Aetna, Inc., AT&T, Best Buy, ConAgra Foods, Inc., DaVita HealthCare Partners, Edward Jones, Genentech, Inc., MasterCard, Northwestern Mutual and Vistage International. Van Meter is the only Iowa-based company recognized in 2016.
Van Meter spends approximately $500,000 per year on employee-owner education and training. The company offers live trainings communicated through an annual training calendar and online courses through a Learning Management System. Additionally, employee-owners are encouraged to pursue development through offsite conferences and training courses, as well as tuition reimbursement for ongoing education. Other highlights include an Emerging Leaders program and an annual internship experience.
“We help our people be their personal best,” said Alicia Murphy, V.P. of organizational effectiveness at Van Meter, in a press release. “Through our comprehensive learning and development programming our employee-owners are well-trained and skilled so that they can be their best at work, and optimize our business success.”
Now in its 16th year, the Training Top 125 ranking is based on myriad benchmarking statistics such as total training budget; percentage of payroll; number of training hours per employee program; goals, evaluation, measurement, and workplace surveys; hours of training per employee annually; and detailed formal programs. The ranking is determined by assessing a range of qualitative and quantitative factors, including financial investment in employee development, the scope of development programs, and how closely such development efforts are linked to business goals and objectives.