Leadership Development: Talent and Skill Gaps That Impact Organizational Growth

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LEADERSHIP DEVELOPMENT:
TALENT AND SKILL GAPS THAT IMPACT ORGANIZATIONAL GROWTH

Bersin by Deloitte has released the highlights of their 2014 Leadership Development Factbook…Leadership remains the top human capital concern and the largest “readiness gap.” Organizations need to develop leaders faster, globalize leadership programs and build deeper bench strength. Spend has increased 14% in the past year.

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Leadership Development: Talent and Skill Gaps That Impact Organizational Growth

  1. 1. LEADERSHIP DEVELOPMENT: TALENT AND SKILL GAPS THAT IMPACT ORGANIZATIONAL GROWTH
  2. 2. 50-75% OF SENIOR MANAGERS ARE ELIGIBLE FOR RETIREMENT AS OF 2010
  3. 3. 360 MILLION WORKERS WILL RETIRE FROM THE GLOBAL LABOR FORCE BY 2030 SOURCE: McKinsey Global Institute
  4. 4. POOR LEADERSHIP PRACTICES COST COMPANIES MILLIONS OF DOLLARS EACH YEAR - EQUAL TO OF ANNUAL SALES…7% SOURCE: Making the Business Case for Leadership Development, The Ken Blanchard Companies, 2011.
  5. 5. POOR LEADERSHIP PRACTICES NEGATIVELY IMPACT: EMPLOYEE RETENTION CUSTOMER SATISFACTION EMPLOYEE PRODUCTIVITY SOURCE: Making the Business Case for Leadership Development, The Ken Blanchard Companies, 2011.
  6. 6. AS MUCH AS OF AN ORGANIZATION’S VOLUNTARY TURNOVER CAN BE AVOIDED THROUGH BETTER LEADERSHIP SKILLS SOURCE: Making the Business Case for Leadership Development, The Ken Blanchard Companies, 2011. 32%
  7. 7. BETTER LEADERSHIP CAN GENERATE TO IMPROVEMENT IN CUSTOMER SATISFACTION SCORES … SOURCE: Making the Business Case for Leadership Development, The Ken Blanchard Companies, 2011. 3 4% CORRESPONDING TO INCREASE IN REVENUE GROWTH 1.5%
  8. 8. BETTER LEADERSHIP PRACTICES COULD ELIMINATE OF PRODUCTIVITY DRAG SOURCE: Making the Business Case for Leadership Development, The Ken Blanchard Companies, 2011. 5 - 10%
  9. 9. PROVIDES 7,000+ VIDEO AND ELEARNING COURSES COVERING KEY LEADERSHIP AND MANAGEMENT COMPETENCIES.
  10. 10. THE QUESTION EVERYONE ASKS How can we do more with less?
  11. 11. WHY VIDEO AND ELEARNING? COST Reduce training budget without sacrificing effectiveness REACH More employees, at lower cost TRAVEL Reduce or eliminate travel costs PRODUCTIVITY Ensure productivity and minimize away from work
  12. 12. FEATURE BENEFIT EFFICIENT Capable of teaching the same material in less time and reducing the duration of class time ADAPTABLE Addresses both formal and informal learning needs AVAILABLE No need to schedule learning with a 24x7x365 solution SCALABLE Reaches more employees faster and with greater consistency EFFECTIVE Found to be as effective as face-to-face learning* ECONOMICAL Cost -effective for any size audience *U.S. Department of Education, Office of Planning, Evaluation, and Policy Development, Evaluation of Evidence-Based Practices in Online Learning: A Meta-Analysis and Review of Online Learning Studies, Washington, D.C., 2009, revised 2010. ONLINE LEARNING MAKES SENSE
  13. 13. LEADERSHIP LESSON VIDEOS Targeted videos that are 2-5 minutes long. CEOs, business authors and experts share an action- oriented key takeaway on very specific topics. Global business leaders share lessons learned through reflective story telling - engaging and memorable.
  14. 14. SOFT SKILLS VIDEOS Targeted to the development of skills in key competencies, including: - communication - time management - sales - customer service Variety of formats, including: - scenario-based - action-oriented - Inspirational - motivational
  15. 15. INTERACTIVE ELEARNING COURSES Most courses include video to increase engagement and context. Tools and templates are designed to be used on the job to help apply knowledge and use of new skills. Blended Learning Resources help present, engage and reinforce the learning objectives.
  16. 16. BIZLIBRARY.COM By establishing a leadership framework that includes a variety of development activities and skillsets, we’ve created a program that’s sustainable and holds leaders accountable. LOYCE BROWN Organizational Development Consultant, Covenant Healthcare
  17. 17. BIZLIBRARY.COM When leaders understand the big picture, we are able to work together more efficiently and produce the best collection of products and systems for our customers. KRISTEN NAZARIO Senior Director of Human Resources Bally Technologies
  18. 18. BIZLIBRARY.COM In a world of learning and development where complexity is the enemy, BizLibrary has developed a simple and nimble approach to delivering high quality learning, anywhere, anytime. MICHAEL ROCHELLE Chief Strategy Officer Brandon-Hall Group
  19. 19. BIZLIBRARY.COM Our two biggest challenges are scheduling and compliance. We use a blend of BizLibrary’s off-the-shelf content and our own custom compliance content. The biggest results we’re seeing is that we’re getting the training done without impacting the business! It’s allowing the managers to have greater flexibility to serve the customer’s needs. MIKE SAWYER Area Manager Total Transit
  20. 20. BIZLIBRARY.COM One of our business challenges is that our remote staff population is our largest growing population. Being able to address their training needs while we have staff all over the country means having an on-demand solution. We’re excited to provide our employees with BizLibrary’s on-demand training content to meet their needs. REGINA NICHOLSON HR Specialist Susan G. Komen

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