Training Industry Magazine - May/June 2018 - 20

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TALENT DEVELOPMENT IS THE
SECOND BIGGEST CHALLENGE
FACING HR EXECUTIVES AT
ORGANIZATIONS TODAY,
ACCORDING TO BERSIN BY
DELOITTE. IT IS ESTIMATED
THAT COMPANIES SPEND
MORE THAN $130 BILLION
PER YEAR ON EMPLOYEE
DEVELOPMENT, WITH
LEADERSHIP DEVELOPMENT
TAKING UP THE SINGLE
LARGEST AREA OF SPENDING.

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According to the Inc. Magazine article,
"The Secrets of Successful, Fast-Growing
Businesses Today--and
Plans
for
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
Manager" report.

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

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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
retaining millennials.
Seventy-one percent of millennials who
are likely to leave an organization in



Table of Contents for the Digital Edition of Training Industry Magazine - May/June 2018

http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190910
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190708
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190506
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190304
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20190102
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20181112
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180910
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180708
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180506
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180304
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20180102
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20171112
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170910
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170708
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170506
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20170304
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20171112_se
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_20161112
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016sales
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2016winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015outsourcing
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015leadership
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2015winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2014winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2013winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2012winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2011winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2010winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009spring
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2009winter
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008fall
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008summer
http://www.nxtbook.com/nxtbooks/trainingindustry/tiq_2008spring
http://www.nxtbookMEDIA.com