Current types of industry-sponsored educational programs, training facilities, and teaching and evaluation methods are described. The history of education and training within the corporate world and the roles of government and unions are traced. Factors that have limited college and industrial cooperation in employee education are also identified. Four types of employee educational programs are covered: (1) job and company-specific training offered in-house; (2) trade seminars and professional meetings; (3) tuition aid programs; and (4) credit courses and degree programs offered by businesses either independently or in cooperation with colleges. Philosophies of educating for work are discussed, as are competency studies conducted by three organizations. Benefits of collaboration for the two sectors are identified. For colleges, industry provides a source of students and an opportunity for faculty to better understand technological changes and skills needed by employees. For industry, colleges offer facilities, faculty expertise, research findings, and structures for awarding credit and degrees. Issues that colleges and industry should consider in deciding whether to work together in educating employees are outlined, as well as ways to identify each other's needs and assets. (SW)