According to Deloitte’s Human Capital Trends report, “The pressure on organizations to improve learning and development continues to intensify.”
Two factors are intensifying the pressure:
- More and more organizations are unable to recruit all the talent they require, so they need to develop it internally. A recent SHRM survey found that more than two-thirds of organizations are having difficulty recruiting for job openings.
- A lack of career opportunities has risen to be the No. 1 reason employees say they leave an organization, according to a Randstad survey.
Given the Deloitte data, it’s no surprise that more than 84% of executives view learning as an important or very important issue.
Many are putting their money where there mouth is, too.
The SHRM survey revealed that 39% of organizations have increased their training budgets in the last 12 months, while 50% have kept their training budgets steady.
Of course, throwing money at a challenge isn’t enough.
In this white paper, we’ll show you a coordinated talent development process that will help you substantially increase total employee performance, driving sustained organizational success.