Why Enterprise is obsessed with promoting talent from within

Enterprise's management training is like "getting your MBA on the job," CEO says.

Transcript

00:00And I started as an intern during college,

00:03just like everybody else, I needed a job,

00:05I needed some money, so I was an intern

00:06and then became a full-time management trainee in 2000.

00:10And so 95% of our management team

00:13has actually come through the management training program.

00:15And so promoting from within means

00:17we can take more time with our employees,

00:19we can take more time to develop them,

00:21give them the resources that they need

00:23to make sure they're developing their career with us

00:26for the long haul.

00:27We view our employees as an investment.

00:30And then, as I talked about earlier,

00:32we have our fleet management business,

00:34which is our original business.

00:36We have truck rental, we have commuting,

00:38we have car sharing, we have business rental sales,

00:41we have this huge sales organization.

00:43So once you go through that management training track,

00:46you can then hop over into these other business lines

00:49that you already know the fundamentals of the business.

00:51It's like getting your MBA on the job.

00:54It is a huge competitive advantage for us

00:56that we invest in our people.

00:58And I also want to note that you took part

01:00in said management training program.

01:01Absolutely.

01:02Man, I know how to wash a really good car.

01:05But that is not what it is about.

01:06It's about getting your MBA on the job.

01:08It is really fun because you are growing

01:11and developing your own business, your own team.

01:13You're responsible for your customer service,

01:16your P&L, and driving the business.

01:19Because each location is its own business.

01:22They're running multi-million dollar assets

01:24at that business.

01:25And so our people tend to be on the younger side

01:29in those locations, but we're really trying

01:31to develop them for the future.

01:32And it's been very successful for us.