Training Industry Magazine - May/June 2018 - 20
TALENT DEVELOPMENT IS THE
SECOND BIGGEST CHALLENGE
FACING HR EXECUTIVES AT
ACCORDING TO BERSIN BY
DELOITTE. IT IS ESTIMATED
THAT COMPANIES SPEND
MORE THAN $130 BILLION
PER YEAR ON EMPLOYEE
TAKING UP THE SINGLE
LARGEST AREA OF SPENDING.
According to the Inc. Magazine article,
"The Secrets of Successful, Fast-Growing
Tomorrow," 61 percent of the 2016 Inc.
500 CEOs and founders prefer to develop
employees by providing outside training.
However, only 28 percent have a formal
leadership development program.
and developing the emerging generations
(millennials and Generation Z), is a
millennial, and has built a next generation
training company, I have identified six
must-have mobile learning elements to
effectively train the next generation.
The 2016 North American external
spend on training courses was $28.1
billion, according to Training Industry.
Yet 80 percent of managers who change
behavior after training maintain the
training six months or less before
going back to their old ways, according
to Grovo's 2017 "Good Manager, Bad
THE NEXT GENERATION & TRAINING
Effective training is either nonexistent
or not working in today's 21st-century
workplace. The way in which training is
developed and delivered for the modern
workplace must change, especially if
you are trying to train the 60 percent of
millennials, those born between 1981
and 1997, who want workplace training
to develop their leadership skills.
As someone who has spoken to thousands
of professionals on the topic of leading
But first, let's understand how important
training is to the emerging generations.
The number one factor millennials
consider when starting a new job is
"sufficient training," according to a recent
survey of 1,500 millennials conducted by
the software firm, Qualtrics, and venture
capital firm, Accel Partners.
Training rather than company culture,
workplace flexibility, salary, or company
perks is what millennials want most
when starting a new job and what they
use to evaluate whether or not they
made the right employer choice.
Training is also an organization's
strongest strategy when it comes to
Seventy-one percent of millennials who
are likely to leave an organization in