New Top Ten Talent Management Facts

“The degree of one’s emotions varies inversely with one’s knowledge of the facts–the less you know, the hotter you get.” 
 
Bertrand Russell

I have a habit of collecting some “facts” that I often find in non-academic journals.  I try sometimes to go back to the source but can’t say I am always 100% successful in finding the original study.  So, with a qualification that I’ve captured these as I’ve read them, I share some interesting leadership and talent management “facts” I’ve collected and updated recently:

1. According to a recent 2008 survey of 43,000 U.S. undergrads by Universum USA, the companies Google, Walt Disney, Apple, Ernst & Young and the U.S. State department were the top “ideal” employers.

2. Two top career goals were tied in the same 2008 Universum USA survey: “Work/Life balance” and “to be dedicated to a cause” followed by “to be secure and stable in my job.”

3. A 2007 survey study by Bersin & Associates on the Top 22 “Best Practices” which drive business impact based on 750 corporations, they rank the top six as being: 1) Coaching programs for employees (48%); 2) Consolidating staffing requirements across the organization (42%); 3) Ability of current workforce planning process to identify current and future talent gaps (38%); 4) Competencies maintained through annual maintenance process (384%); and 5) Staffing metrics (33%); Development planning (33%); and 6) Aligning goals to manager or corporate goals (33%).

4. The International Coach Federation in 2007 released the “ICF Global Coaching Study” which was conducted by PricewaterhouseCoopers LLP and they conservatively estimated there are at least 30,000 coaches worldwide.  Estimated revenue generated by the industry is close to $1.5 billion (USD).  Approximately 400 new members are added to ICF each month and the organization has doubled in each of the last 3 years from 237 in 2004, 441 in 2005 and 807 in 2006. 

5. A 2006 survey by Marshall Goldsmith Partners, LLC and the Institute of Executive Development suggests that the coaching industry will grow at least 10% for the next three years.

6. A recent survey by Chartered Institute of Personnel and Development 
(CIPD) research in the UK that indicates that some 88% of organizations now expect line managers to deliver coaching.

7. In a 2007 survey of 180 organizations by the Institute for Corporate Productivity, 75% reported they are currently using psychological assessments for executive recruitment, selection and promotion.  52% utilize external psychologists and 64% utilize both interviews and assessments. 

8. Monster and Developmental Dimensions International (DDI) recently surveyed 1,250 hiring managers and 4,000 job hunters in their study “Slugging Through the War for Talent: Selection Forecast 2006-2007.  Job hunters reported their top three to be 1) Opportunities to learn/grow (78%); 2) Interesting work (77%); and 3) A good boss (75%).  Hiring managers and staffing directors reported that they believed what was most important to the job seeker was opportunity to advance (69%) although hiring managers also rated working for a “good manager/boss” as equally important.

9. A recent survey from Hudson Institute suggests that half of American workers fail to take all of their vacation time.  30% take less than half of their allotted time. And 20% take only a few days in stead of a week or two.  Among extremists, 42% claim they cancel vacations regularly. Even when we go away, we don’t seem to really get away. 

10. University of Michigan professor David Meyer suggests that at least 6% of Internet users have become clinically addicted.

So, I better wrap up this Blog and go check my email….Be well….

 
[tags]talent management, envisia learning, envisia, recruitment, human resources, assessment, succession planning, coaching, executive coaching, executive development, surveys, kenneth nowack, 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)