Ten Talent Management Facts #2

August 31, 2008 by Ken Nowack

“Figures don’t lie, but liars figure.”

Mark Twain

The leadership and talent management “facts” just don’t stop coming. In fact (no pun intended), thanks to some readers, I now have even more to share with you!

1.  42% of men compared to 34% of women say the definitely want to work beyond 65 years of age (Chartered Institute of Personnel and Development Survey 2007).

2.  Only 25% of baby boomers expect to have a “traditional” retirement–71% of those surveyed said that the “perfect retirement” was to work in some capacity with 50% not planning on ever stopping work unless they are unable to (Merrill Lynch New Retirement Study).

3. The U.S. Department of Justice reports 25% of all employees will become victims of workplace violence. 20% of all women murdered at work are committed by their partners (Victim Services of New York).

4. The Octovber 2006 survey by the Bureau of Labor Statistics suggests that only 30% of all companies have a formal program or policy in place to deal with workplace violence despite the fact that 1 million days are lost each year due to workplace assaults.

5. 17% of all workplace fatalities involve family members.  The June 2003 Workplace Violence Study by the Society for Human Resource Management (SHRM) suggested that verbal threats, verbal abuse, and inappropriate language were the most common workplace incidents reported by employees.

6. The SHRM report and other research from Mattman Security Management Consultants suggest that those most prone to cause workplace violence tend to: a) use threats or verbal abuse; 2) make suicidal comments; 3) demonstrate anger without obvious reasons; 4) express paranoid thoughts; and 5) experience increased family or home problems and challenges.

7. Executive coaching is often offered for various presenting problems.  The top reasons for coaching according to a recent survey of 2,556 human resources executives by Boston based Novations group suggested that 72% were to address performance problems, 69% to communicate performance standards and expectations, and 69% was to accelerate growth of high performers.

8. Ever wonder what executive coaches charge?  A recent survey from Sherpa Coachng suggests a range of less than $75.00 per hour to more than $500 per hour.  Approximately 41% charge between $150 to $299.00 per hour.

9. In a recent 2008 survey by Right Management of midlevel and senior leaders, the top reasons employees are leaving their jobs include: 30% for lack of new internal opportunities, 25% due to poor leadership, 22% because of poor relationships with their boss and 21% because they felt their efforts were not valued.

10. In the same Right Management survey, only 43% of those staying with their organization reported being engaged and commited to the company. 

“A statistician drowned while crossing a stream that was, on average 6 inches deep” so tread lightly with these “facts”….Be well….

[tags]talent management, succession planning, coaching, executive coaching, executive development, surveys, retentin, engagement, workplace violence, turnover, kenneth nowack, ken nowack, nowack[/tags]

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)

Posted in Engagement, Leadership Development, Relate, Wellness

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