Category: Talent Management

Torch: A Fast-Growing New Player In Coaching And Development

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»

Recruiting Is Harder Than It Looks: 74% Of Companies Underperform

This week we launched our new global Talent Acquisition research (all about sourcing, recruiting, and attracting people) and the results are staggering. While nearly every company is trying to hire (the unemployment rate is below 3.6% and the economy is creating more than 400,000 new jobs each month), recruiting teams are not keeping up.... Read more»

Haphazard Organization Design Is Holding Companies Back From Growth

Just released. New Research on Designing Jobs for the Future of Work.

Every day there’s another roadblock to growth. Inflation at nearly 8%, a war in Eastern Europe, more jobs than we have people, and employees leaving companies in droves.

As part of our Global Workforce Intelligence Project we’ve been interviewing CHROs in healthcare, ... Read more»

Introducing The Global Workforce Intelligence Project

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»

From The Great Resignation To The Great Inflation. It’s Time To Get Creative.

This month we learned that the US inflation rate is over 7.5%, the US economy is growing at over 5.5%, and more than 460,000 jobs were created in January alone. The global economy is growing at a record rate and companies are finding it harder and harder to hire.

We’ve gone from “The ... Read more»

Perceptyx Acquires Cultivate: A Clear Leader In Employee Listening

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»

Online Coaching Is So Hot It’s Now Disrupting Leadership Development

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»

What The Pandemic Taught Us About Change

Despite all its downsides, this pandemic has been somewhat miraculous for business. We can work productively from home, we can buy food and entertainment from our phones, nearly everything can be delivered quickly, and our consumer experiences are safe, fast, and digital.

In fact, just about every company, every product, and every service has been ... Read more»

What Should We Do About Inflation?

Everywhere you go people are talking about inflation. And for good reason: this month we saw an annual 7% inflation rate, the biggest gain in 39 years. And as I see it, this is likely to continue, so what are we going to do?

First, Why The Inflation?

While there are many contributing causes, ... Read more»

Welcome to 2022: Too Many Jobs, Not Enough People

Welcome to 2022. The job market is a bit crazy and we’re in for one of the most dynamic years in our lives. Let me try to explain what’s going on.

First, let’s discuss the Great Resignation (which I call The Great Migration). People are quitting their companies, changing careers, and upgrading their jobs ... Read more»

The Flourishing, Surprising, Badly Needed Market For Online Coaching

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»

The Mad Scramble To Lead The Talent Marketplace Market

With the labor market fully disrupted, companies are heavily pushing toward internal development. And one key to this strategy is the adoption of what we now call the Talent Marketplace.

As I’ve written about in the past, a Talent Marketplace is a unique and special HR platform that lets employees find internal positions, ... Read more»

Why Udemy Could Be The Hottest Company In Corporate Learning

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»

The Job Market Is Going Crazy And It’s Going To Get Worse. How Do We Recruit?

The labor market has gone a bit crazy. In the United States, there are more than 161 million people working and 15.7 million jobs open. This means that roughly one in 10 seats in your office are empty, and you’re competing with everyone else for staff.

Adding to this frenzy, the job creation continues. ... Read more»

The Marriage Of Talent Acquisition With Talent Mobility

As the job market heats up again, companies are even more frantic to hire, reskill, and move people into new roles. And this has forced HR organizations to radically rethink what they do.

Let me suggest a major trend, one that we’ll uncover in our upcoming research on excellence in talent acquisition. Is it ... Read more»