Verizon Gets Top Ranking for Training Programs

February 13, 2009

By Jennifer Hull

Verizon has been ranked 15th by Training magazine in this year's Training Top 125 list of companies that have the best training programs for their employees. Over the past few years, Verizon's employee development, education, and training budget has totaled approximately $1 billion.

Verizon Employees Given 11 Million Training Hours and Tuition Assistance

Verizon employees logged more than 11 million training hours last year alone to advance their knowledge of a wide range of key issues including compliance, privacy, and security; to learn new management techniques; and to develop the skills needed to deliver the nation's most advanced broadband networks to customers.

Also in 2008, the company invested $117 million in the education of its employees through its tuition assistance program, which pays 100 percent of approved tuition and fees, up to $8,000 per employee per year, at accredited institutions.

"Verizon is committed to building next-generation networks and delivering the best customer service," said Magda Yrizarry, vice president for workplace culture, diversity, and compliance at Verizon. "To deliver on that commitment, we make significant investments in the skills and development of our employees that benefit our customers and create opportunities for the personal and professional development of our team."

Verizon Honors Based on Commitment to Training Programs

A premier publication in the training industry, Training magazine annually honors organizations based on in-depth analyses of qualitative and quantitative elements of training programs. The judging is based on elements such as corporate universities, evaluation procedures, and internal best practices.

Verizon, a Leader in the Broadband Industry

Verizon Communications, Inc. is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government, and wholesale customers. Verizon Wireless serves more than 80 million customers nationwide; Verizon Business delivers innovative and seamless business solutions to customers around the world; and Verizon Telecom brings customers the benefits of converged communications, information, and entertainment services over the nation's most advanced fiber-optic network.