Keeping IT talent current is a major concern for IT organizations. Highly competent people need time to refresh their skills, and training should not be ad hoc or left to employees' discretion. According to a release by the META Group, on average, each IT staff member currently receives 40 hours of training per calendar year. For world-class corporations, formal training averages 80 hours per year, plus 40 hours of mentoring and individual coaching to refine current skills. Leading firms find that applying more resources, including training, to their best performers results in increased productivity and institutional value. By 2005, more than 75 percent of Global 2000 firms will increase formal training of their best performers to 80 hours per year. However, companies will restrict additional training for mediocre and poorly performing employees and provide periodic performance reviews.
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