MGM MIRAGE is “Most Admired” for HR Practices
by Human Resource Executive Magazine
Las Vegas – January 23, 2006 – MGM MIRAGE has been named among the “most admired companies” for its human resources practices by Human Resource Executive Magazine. According to the publication, the recognition is based upon Fortune Magazine’s “most admired companies” ranking which listed MGM MIRAGE as one of the 50 best companies for minorities in 2004.
Human Resource Executive Magazine evaluated companies in four human resources-related areas: people management, innovation, product/service quality and management quality. As a result, 50 companies were named to the “most admired” list. MGM MIRAGE, ranked 36, is the only gaming company on the list.
According to the magazine, admired companies “hire people not for a job, but for a career” and “have developed the bench strength to lead their company in the future.” At MGM MIRAGE, professional development programs are important in the workforce development process. These include REACH, an intensive six-month supervisory training program conducted in conjunction with the Culinary Union’s Training Academy in Las Vegas; TAKE FLIGHT, a six-month training program that helps develop leadership skills by exposing first-level management participants to senior executives; the Executive Mentoring Program, a nine-month program designed to prepare high potential management-level employees for advancement to executive management positions; and the Management Associate Program, a six-month training program designed to prepare recent college graduates for careers in management. Additionally, the company has invested $20 million in MGM Grand University, a training center constructed exclusively for development of employees. University classes range from life skills to free computer training to English as a second language.
About Human Resource Executive Magazine:
Human Resource Magazine, published by LRP Publications, was established in 1987 and continues today as the premier publication focused on strategic issues in HR. Written primarily for vice presidents and directors of human resources, the magazine provides these key decision-makers with news and information relative to human resources, profiles of HR visionaries and success stories of human resource innovators.
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