Company Makes List of Best Employee Training Programs for Eighth Consecutive Year
RICHMOND, Va., 2015-2-12 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been named to Training magazine’s Training Top 125 for the eighth straight year. CarMax ranks NAo. 61 for 2015. Training Top 125 recognizes organizations for providing extraordinary employer-sponsored workforce training and development programs.
Training magazine, the leading business publication for learning and development professionals, annually selects 125 organizations that excel at employee development. These companies are chosen based on a variety of criteria, including the best leadership development, outstanding training initiatives and demonstrable results of training programs.
“Associate development is a key to our success and to our future,” said Tom Folliard, president and CEO of CarMax. “Regardless of an associate’s position within the company, opportunities to grow personally and professionally are always at their fingertips.”
CarMax regularly adds new training and reviews existing material to guarantee that the curriculum meets the needs of associates and the business. Over the past year, training enhancements included the rollout of a world class on-boarding program for new associates, as well as a new change management training tailored specifically for all levels of the organization. Also, many top instructor-led classes became available as on-demand, bite-sized online modules, now accessible to all associates at any time to fit their work schedule.
Additionally, CarMax’s most comprehensive programs and training tools include:
- Development programs that deliver individualized, targeted training opportunities
- Extensive use of technology to support the needs of the associate, including eLearning, student response systems and video testimonials
- Classroom training that employs hands-on activities combined with real-world application exercises
On average, each CarMax store associate completes more than 60 hours of training per year. Through KMX University, CarMax’s learning management system, associates can view position development plans, launch online courses, register for classroom training, print self-paced training workbooks, take exams that automatically register course completions, add self-reported training, and review their own personal training histories.
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 143 superstores in 72 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.