Insights on Corporate Talent, Learning, and HR Technology
Wellbeing refers to the industry of education, coaching, healthcare, and services that help people with physical health, mental health, fitness, and focus at work. It is a broad marketplace of $45 Billion+ providers which includes coaches, self-assessment, and hundreds of apps and platforms to help us stay healthy, focused, and engaged at work.
Here’s a shocking statistic: 15.8% of Americans now take regular medication for depression or anxiety, and it reaches 25% for those under the age of 30. And as of May this year, 39% of Americans experienced some form of anxiety or depression in the last four weeks.
Stress, anxiety, and depression are becoming the biggest ... Read more»
This week we’re launching a year-long research effort we call The Healthy Organization, which brings together almost everything we’ve been talking about since the start of the pandemic. Let me explain what we’ve discovered, and in this “long read” column I’ll bring it all into perspective. (News release here.)
The Pandemic’s Impact ... Read more»
This week BetterUp announced another $300M round of funding, valuing the company at $4.7 Billion. Recurring revenues are already over $100 Million this year more than doubling year over year. Vendors like SpringHealth (Unicorn on the therapy side of coaching), CoachHub (fast follower to BetterUp), Torch (coaching integrated into L&D), and others are now ... Read more»
As I’m sure you’ve read, Remote Work is here to stay. Not only did we thrive during the Pandemic, but two-thirds of employees prefer it. Remote work saves time on commute, saves money on dressing up, and helps people deal with family issues at home.
Yes, there are issues: we have to avoid ... Read more»
We spent the last 15 months talking with hundreds of HR leaders about their well-being programs and the focus is massive. Companies are hiring Chief Health Officers, Head of Safety and Well-being, and Directors of Well-being like never before. In fact, there are 55,000 jobs now open for Directors of Wellbeing, VP’s of Wellbeing, or ... Read more»
This week someone leaked a survey by Goldman Sachs which shows that new analysts often work more than 95 hours per week and sleep only 5 hours each night. The survey then points out that these employees’ mental and physical health has plummeted, with 100% stating that the workload has negatively impacted family relationships and ... Read more»
BetterUp, a company known for its coaching network and AI assessment and development tools, just raised an additional $125 Million and is now valued at $1.73 Billion. This makes the company roughly two-thirds the valuation of CornerstoneOnDemand, a business with nearly a billion dollars in recurring revenue.
What’s up here?
Well BetterUp is a ... Read more»
Burnout is one of the biggest topics in the new world of work. In fact, it’s almost a fad to talk about it. People are tired, we have “zoom fatigue,” and last year the World Health Organization actually classified burnout as a disease.
What is burnout? According to the WHO it includes ... Read more»
This week we launch a year-long study of diversity, equity, and inclusion (DEI) programs in business and the results are disappointing. After billions of dollars invested in DEI training, tools, tech, and HR strategies, we haven’t moved the needle very far. In some respects, we’ve come a long way, but as our research discovered, only ... Read more»
Today Microsoft introduced an offering that is likely to transform the market for enterprise software: Microsoft Viva, a digital platform built on Microsoft 365 designed for the Employee Experience. Developed over several years and integrated with Microsoft Teams, Viva is an Employee Experience Platform carefully architected to leverage a company’s investment in existing ... Read more»
Something amazing is happening in the Employee Experience (EX) market: it’s advancing faster than ever. This year, driven by the Pandemic, work at home, and dozens of new programs for wellbeing, diversity, family support, and communications about the Pandemic, companies have gotten much better at delivering a meaningful, productive, employee experience. And this means the ... Read more»
One of the biggest problems we face is the challenge of Fatigue. And Fatigue has an impact on the Pandemic, our relationships, and our work.
The Pandemic has been going on for almost six months, many of our cities are slipping backward in infection, and the political system in most countries is dysfunctional. Here in ... Read more»
It’s kind of funny. In the last 120 days companies have gone from “remote work is not encouraged” or “you can work remotely on Friday” to “You can work remotely forever (Twitter)” or “We are a remote-first company(Coinbase)” or “We don’t need you back for a year or so (Facebook, Microsoft, ... Read more»
Employee Experience (now called EX) has become one of the biggest priorities in business. Faced with skills and people shortages in every industry, companies are bending over backward to make employees’ lives better. And this has set off an enormous industry of consultants, tools, and books focused on the topic.
Let me give you a ... Read more»
I hate buzzwords, and the word “human” seems to have become the next buzzword in HR. But after a two-day senior CHRO Summit we just completed with the UC Berkeley Haas Business School, I’ve just changed my mind. Thinking about Human values is now central to the CHRO’s job, and one of the most ... Read more»
