After developing your skills, the company will reassign you to the role you trained for. Which provides experience, without any role changes or compensation increases. I ended up doing a role that would pay 20% more for almost an entire year, while management decided whether to promote me. After some time they eventually did. I am now in the middle of round two of this same process, while my colleagues are finding employment elsewhere.
Only way to be fairly compensated is to take the skills that Philips helped develop, to another employer.