LOMA Study Finds Statistical Link Between Professional Development and Enhanced Employee Performance

ATLANTA, GA, June 30, 2004—While many industry leaders have long felt that employee development was a critical factor in improved performance that can enhance an organization’s bottom line, a groundbreaking study from LOMA quantifies the value of professional education in a way not previously brought to light.  

The study is based on the analysis of employee records of a financial services company with $20 billion in assets under management and more than 5,500 full-time employees. It establishes a statistical link between higher ratings in employee performance evaluations and those individuals who have earned one of LOMA’s professional designations. The conclusions of this study provide helpful guidance to employees and employers alike.  

According to the study, employees who have earned the Fellow, Life Management Institute (FLMI) designation are 39.2% more likely than those with no LOMA designations to receive an ‘above average’ rating during their performance evaluations. Also, employees having earned LOMA’s Associate designations are 32.9% more likely to be rated ‘above average’ than those with no LOMA designations.  

“In today’s competitive marketplace, employees who are looking to advance their careers can enhance their career opportunities through professional education while companies looking for standout performers will know where to find them,” said William H. Rabel, Ph.D., FLMI, CLU, LOMA’s Senior Vice President of Education & Training.  

LOMA has awarded more than 150,000 professional designations in 12 professional designation programs within the financial services industry, including more than 75,000 FLMI and almost 60,000 ACS designations. With award winning education programs now translated into Bahasa Indonesia, French, Portuguese, Spanish, Traditional and Simplified Chinese and Korean, LOMA offers more opportunities then ever before for professional education and continued employee development. To find out more about LOMA's education programs, click here.  

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