Human capital is the most valuable asset of many organizations, and employees are increasingly being viewed as a competitive differentiators in light of the continued migration to a knowledge-based economy both in the U.S. and the rest of the world. This highlights the importance and cost of educating, training, and developing an increasingly dispersed competitive workforce that is critical to businesses achieving both their tactical and strategic goals.
Even as the importance of training and developing a competitive workforce increases, competition for qualified employees is intensifying, driven by baby boomer retirements and increasingly global service-based economies. An estimated 19% of the entire U.S. workforce holding executive, administrative, and managerial positions, is slated to retire in the next five years. Consequently, even in the...