“Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital.”Â
Aaron Levenstein
Another addition of leadership and talent management “facts” from all over the world. Some intuitive and some not….what do you think?
1. A recent 2009 survey by Accenture on work life balance found an interesting surprise–68% of the men in the survey said they wanted more availability with their families compared to only 46% of women. More men also said they would prefer to take the opportunity to work from home (91% for men and 75% for women). The top two priorities for both men and women about work were salary (79%) and having work/life balance (64%).
2. 22% of Fortune 500 companies offered executive physicals to their CEOs in 2008 (Towers Perrin). Executive physicals cost from slightly under $1,000 to well over $5,000 and can include luxury spas and hotels to CT scans of the heart or entire body.
3. It has been estimated that 90% of all Fortune 500 firms use some form of 360 feedback assessments for training, coaching, performance evaluation or succession planning. A recent survey from the 3D Group indicated that 22% of organizations are using “off the shelf” 360 feedback or multi-rater feedback assessments for developmental needs.
4. A 2009 Manpower talent shortage survey of nearly 39,000 employers across 33 countries found those with the most difficult time filling jobs were in Romania (62%), Taiwan (56%), Peru (56%), Japan (55%), Australia (40%), Costa Rica (48%), and Poland (48%). Countries finding it least difficult to find talent included Ireland (5%), Spain (8%), UK (11%), China (15%), Czech Republic (17%) and India (20%).Â
5. A 2009 study by the Kauffman Foundation from over 5,000 companies found women-owned businesses launched new startups with about 70% of the capital compared to ones owned by men. Women-owned firms generated less revenue and profits, had fewer employees and were more likely to be home based compared to male-owned firms.Â
6. In a new report called “The Forgotten Middle Worker” by the Workforce Alliance, middle-skill occupations which require more than a high school education but less than a 4-year college degree make up about 50% of all employment in the nation. Although most middle-skill workers make up the majority of all state’s workforce, most education and training are reserved for those younger than 25 years of age.
7. Social Networking I: In a recent 2009 survey in the use of social networking by Deloitte, only 17% of the executives surveyed said their companies have programs in place to monitor social networking site usage by workers to minimize any risks. However, 74% of all employees surveyed reported that these sites (e.g., Twitter, Facebook, YouTube) can be a risk since they can easily damage the company’s reputation. 61% of employees reported that even if their company monitored their posts it would not change their behavior online.
8. A survey in 2009 by Watson Wyatt found that “engagement” (loyalty) of top performing talent has dropped 25% over the last 12-months due to increased lack of job security, cuts in benefits and a slow down in promotions.Â
9. A Monster.com survey in May 2009 found that 79% of all job holders said they had increased their search for new jobs since the recession began last year. Along these lines, Spherion Staffing Solutions asked 2,500 workers and 300 employers in October 2009 to name the top “drivers of retention” and compared those to their 2005 and 2007 surveys. They found that the top drivers emphasized benefits and compensation with just 27% reporting that they were “very satisfied” with their pay and only 37% with their benefits.
10. Social Networking II: An April2009 survey by Opinion Research Corporation (n=500 executives) indicated that 31% of CEOs are on Facebook and 14% have a Twitter profile. This survey also found that 11% have a corporate-sponsored Facebook group, 23% use social networking for recruiting, 29% use it as a tool to build brand awareness and 23% use it as part of their internal communications to employees.
Back to research some new talent development facts….Be well….
[tags]talent management, succession planning, leadership development, succession planning, micromanage, performance review, performance appraisal, overweight, obesity, wellness, coaching, executive coaching, executive development, surveys, kenneth nowack, Envisia, Envisia Learning, leadership development, ken nowack, Nowack [/tags]
Ken Nowack
Kenneth Nowack, Ph.D. is a licensed psychologist (PSY13758) and President & Chief Research Officer/Co-Founder of Envisia Learning, is a member of the Consortium for Research on Emotional Intelligence in Organizations. Ken also serves as the Associate Editor of Consulting Psychology Journal: Practice and Research. His recent book Clueless: Coaching People Who Just Don’t Get It is available for free for a limited time by signing up for free blog updates (Learn more at our website)
The stats about men and women make sense to me. Having kids and working from home, I can see why men who typically have less exposure to home/family would want more.