New training programs aim to bridge the gap between college and a first job.
Some companies have expanded and lengthened training to develop technology and business talent, according to The Wall Street Journal.
One company, German business-software giant SAP, opens a few hundred spots in its paid, nine-month-long sales academy each year and brings recent graduates from across the world to participate. Although the program consumes a chunk of its yearly training budget, it has paid for itself by producing high-performing new employees, company officials say. Turnover among this group is only 10 percent.
Capital One's developer academy gives new graduate hires six months in a classroom setting to learn programming skills and business processes. New hires are also assigned company mentors to teach both skills and company culture.
U.S. employers spent about $1,252 per employee on training in 2015.
