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»
Tagged: Leadership Development
PowerSkills In Action: A Conversation With Mursion About Leadership, Practice, Culture, Avatars, And More.
How do you develop these essential PowerSkills in business? As I describe in this podcast, there are four methods: traditional instructor-led training, 360-degree assessment and coaching, simulation and real-world experiences, and suggestions and nudges. Mark Atkinson, the CEO of Mursion, a fast-growing provider of Avatar-based simulation training, interviewed me on this topic and we ... Read more»
It may sound odd, but the coaching market has caught fire. I’ve talked with coaching providers for more than 20 years and I always considered this a cottage industry. Lots of ex-CEOs and psychologists retire, go into business coaching, so companies hire them. And HR managers tend to hire who they know, who they like, ... Read more»
I don’t claim to be a leadership guru, but I’ve had a lot of experience working with senior leaders, studying leadership, running three fast-growing companies, and leading at big companies. Here are my ten principles, and they apply to you – regardless of your level, tenure, or role.
- Believe in the power of every individual
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»
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»
The market for leadership development solutions is enormous: more than $14 billion is spent by corporations and there are more than 70,000 books and videos on the topic. When we ask companies about their top talent issues, “improving our pipeline of leadership” always comes out near the top. (As of the last year only ... Read more»
The employee engagement and feedback tools market has been explosive. As I wrote about in Feedback is the Killer App, giving employees the ability to express their opinions has transformed the world of management. CEOs and business leaders everywhere are now evaluated by their ability to keep employees happy.
And there’s good reason for ... Read more»
One of the biggest investment areas in Human Resources and Talent Management is Leadership Development. We like to think about it as one of the bedrock roles of the HR or L&D team, since in many ways “leadership” is one of the most strategic assets in any organization.
Over the last ten years, the leadership ... Read more»
Times are tough. Today we learned of another 590,000 jobs lost and that US unemployment rose to 7.6%. We seem to be getting several emails each week from high powered HR or L&D professionals who have lost their positions at their favorite employers.
I also speak regularly with top HR and L&D managers about their ... Read more»
You can’t pick up a newspaper these days without reading about more business downturns, layoffs, and lowered expectations for retail sales, automobiles, consumer products, housing, and financial services. Lots of business leaders are making tough decisions right now, and I also know a lot of our HR and L&D readers are worried about their jobs.... Read more»
I recently spent a few days in Mexico City meeting with HR and L&D leaders from some of the largest companies in Mexico (Banamex, Pemex, Groupo Modelo, and others). The meetings reinforced a very important trend which is going on in corporate training today: the “recentralization of corporate training.”
Over the last five years there ... Read more»
In our recent study, High-Impact Leadership Development: Trends, Best Practices, and Industry Solutions, we identified the best practices and the top providers in leadership development. Our study covered all aspects of leadership development and evaluated a number of HR consultancies. With rich data in hand, we revealed six best practices in leadership development that ... Read more»
We recently completed High Impact Talent Management®, a major research study on the business impact of corporate leadership and talent management processes. One of the goals of this research was to understand where organizations could best focus their leadership development and management efforts to drive greatest business results. We call these findings the top 22 high-impact ... Read more»