Insights on Corporate Talent, Learning, and HR Technology
The corporate coaching market is on fire. Today more than $360 Billion is spent on all forms of corporate training (average company spends around $1,400 per employee per year) and you can add an additional $300-500 per year on coaching. The result is a massive market, one that might be over $450 Billion or ... Read more»
This week STRIVR Labs, a company I’ve been following for many years, received $35M of funding from Workday, Accenture, Bank of America, and others. While the total amount is not enormous, the message is now clear. The Virtual Reality wave (aka Metaverse) is real and investors don’t want to be left out.
Let me explain ... Read more»
Today Cornerstone made a big announcement: the acquisition of EdCast, one of the leaders and pioneers in Learning Experience Platforms.
While this may not be a huge deal financially, it will have a huge impact on the corporate learning market, setting off reverberations for years to come.
Background On The Space
Cornerstone is a ... Read more»
Today we’re introducing one of the most exciting projects I’ve worked on in my career: the Global Workforce Intelligence (GWI) Project. This is a massive initiative we started over the last year to understand the new jobs roles, skills, and career pathways in every major industry around the world.
It’s a big project, and ... Read more»
After two years of the pandemic, it’s time to come together again. In a spirit of celebration and joy, I want to announce our new conference Irresistible, The Global Conference for HR Leaders and Their Teams. And you are going to want to come!
When? May 23-25, Los Angeles California. (press release ... Read more»
One of the most exciting parts of business is corporate learning. This is a $360 billion market and it defines success or underperformance for virtually every company. Every time you hire someone, launch a new product, or change the way your company works there’s a massive training need to fill. And with SkillsTech and a ... Read more»
As I wrote back in 2015, Feedback is the Killer App. Companies that tap into the collective wisdom of their employees almost always outperform their peers.
Why? Because employees (not customers) know the most about what’s working and what’s not. Yes, we need to get feedback from customers, but employees know even more. ... Read more»
Over the last few months, we’ve spent a lot of time helping companies build their end-to-end skills strategy. And it’s not as easy as it looks.
In this article, I’d like to share a few of the things we’ve discovered.
1/ Skills Strategy is Not A New Topic
Many companies think that building a “skills-based ... Read more»
As an industry analyst I often write about fast-growing new companies. Well, today I’m going to tell you about one I know a lot about, the Josh Bersin Academy, or JBA as we call it.
The JBA was designed as a unique and special “Capability Academy” focused 100% on the needs of ... Read more»
Online coaching has become a white-hot market and it’s totally disrupting leadership development. Vendors like BetterUp, Torch, CoachHub, Bravely, SoundingBoard, Pluma (owned by Skillsoft), and Ezra have now become some of the fastest-growing vendors in the training (and HR Tech) market.
BetterUp, the clear market leader, is now valued at ... Read more»
Why did Microsoft spend $75 Billion to acquire Activision, the makers of Warcraft, Starcraft, Call of Duty, and other best-selling games? It’s not just because they want to be big in the Metaverse. It’s something bigger.
Gaming is now the killer app. (And now The New York Times bought Wordle!).
Think about where ... Read more»
Of all the surprises from the pandemic, one of the biggest is the explosive growth of online coaching. It’s as if the virus hit us hard, disrupted us in unpredictable ways, and we’ve now unleashed the internet to help support each other.
I know this sounds a little altruistic, but how else can I explain ... Read more»
Well, it’s time to talk about predictions for 2022, and the number one theme is change.
And in a sense, everything is about to change.
If you think back about where we are, it has been 14 years since the 2008 financial crisis, and we’ve been through digital transformation, economic hyper-growth, a stock market ... Read more»
The corporate training and skills development market is massive. Today it’s over $360 Billion and growing by almost 8% this year. Why the explosive growth? It’s simple: every individual, employee, and company is upskilling themselves for careers and growth.
For companies, the mandate is clear: the average company spends $1500 or more per employee each ... Read more»
What Is A Metaverse?
Simply put, a Metaverse is a digital space represented by digital representations of people, places, and things. In other words, it’s a “digital world” with real people represented by digital objects.
In many ways, Microsoft Teams or Zoom is already a form of a Metaverse. You are “there” in the room, ... Read more»
