Why Organizations Are Collaborating With Universities
 
 
 
Why
Companies
Collaborate
With
Universities
 
 

Indiana State University awarded EAC the
March On! Award this year for our
donation, philanthropy, and role in ISU success.

Indiana State University awarded EAC the
March On! Award
this year for our
donation, philanthropy, and role in ISU success.

 

Companies across the board are hungry for new talent. While it is exciting to bring in new ideas, it is also important to acknowledge that before employees can become key players within any organization, they need proper training.

Today, on average, a new hire costs an organization approximately $1,500 per employee. Keep in mind, this doesn’t even take into account additional factors that go into making sure a new hire understands their responsibilities.

Companies across the board are hungry for new talent. While it is exciting to bring in new ideas, it is also important to acknowledge that before employees can become key players within any organization, they need proper training.

Today, on average, a new hire costs an organization approximately $1,500 per employee. Keep in mind, this doesn’t even take into account additional factors that go into making sure a new hire understands their responsibilities.

 

 
$1,252
AVERAGE TRAINING COST PER EMPLOYEE
 
33.5
AVERAGE HOURS USED TO TRAIN EMPLOYEES
 
$3,500
AVERAGE RECRUITMENT COST PER EMPLOYEE
 
50%
AVERAGE NEW EMPLOYEE PRODUCTIVITY FOR FIRST 12 WEEKS
 
 
$1,252
 
 
AVERAGE
TRAINING
COST PER EMPLOYEE
 
 
33.5
 
 
AVERAGE
HOURS USED
TO TRAIN EMPLOYEES
 
 
$3,500
 
 
AVERAGE RECRUITMENT COST PER EMPLOYEE
 
 
50%
 
 
AVERAGE EMPLOYEE PRODUCTIVITY
FIRST 12 WEEKS
 

Today, in efforts to avoid additional costs associated with training, organizations have begun to collaborate with universities to offer students with high quality training classes to keep up with the ever-evolving needs of the industry.

Part of being a successful student at a college or university is making a connection to industry so you can lock in a career opportunity. PTC’s Authorized Training Program for Product Design and Development Technology increases productivity among students while giving graduates an advantage after graduation.

 

Today, in efforts to avoid additional costs associated with training, organizations have begun to collaborate with universities to offer students with high quality training classes to keep up with the ever-evolving needs of the industry.

Part of being a successful student at a college or university is making a connection to industry so you can lock in a career opportunity. PTC’s Authorized Training Program for Product Design and Development Technology increases productivity among students while giving graduates an advantage after graduation.
 
For example, PTC's first customer, John Deere has established the John Deere TECH program sponsoring programs at 24 different colleges throughout the United States and Canada to save significant time and money on training of their future employees.
 
Prior to graduation, students have the opportunity to work on the latest equipment and technology. When these students enter the workforce, they are ready to start putting their engineering experience to work!
 
 
 
For example, PTC's first customer, John Deere has established the John Deere TECH program sponsoring programs at 24 different colleges throughout the United States and Canada to save significant time and money on training of their future employees.
 
Prior to graduation, students have the opportunity to work on the latest equipment and technology. When these students enter the workforce, they are ready to start putting their engineering experience to work!
 

What technology should you consider? Where can you go to learn more? To help your organization get started, we have compiled what we consider are some of the most helpful resources on the market.

Explore, Learn, & Enjoy.

What technology should you consider? Where can you go to learn more? To help your organization get started, we have compiled what we consider are some of the most helpful resources on the market.

Explore, Learn, & Enjoy.

Copyright © 2020 EAC Product Development Solutions
1330 Lagoon Avenue, 4th Floor | Minneapolis, MN 55408
(888) 225-7579   •   https://eacpds.com/