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Three Proven Reasons You Should Invest in Leadership Development

The Center For Leadership Studies

Budgets are under extra scrutiny even in organizations that have escaped major fallout. Some organizations view training—especially leadership development—as expendable. The economic uncertainty generated by the COVID-19 pandemic is impacting businesses of every size in every industry.

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VCs See Gold Rush in the HR Tech Scene

HR Digest

A growing number of organizations have set aside significant budgets for the right HR SaaS tools and VCs believe that there is a lot of moolah to be spent. Whether it is hiring gig workers in larger volumes or training apps for the next leadership pipeline, these tools don’t actually help organizations reinvent the workflow.

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Trent Henry on Building Tomorrow’s Leaders

HR Digest

We also offer expanded coverage and support for mental health and provide employees with proactive financial wellbeing tools to improve management and finances and reduce financial stressors, including budgets, property and family planning.

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Improving Leadership Bench Strength

N2Growth Blog

A fter reading Gartner’s report on How to Build Leadership Bench Strength , these are my conclusions: HR already invests 23% of its Training and Development budget in Leadership and 27% on the high potential professionals. The current leadership pipelines do not work. About $3,750 per HIPO annually.

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How to Develop Leaders Who Can Drive Strategic Change - SPONSOR CONTENT FROM KORN FERRY

Harvard Business Review

The survey respondents identified “lack of executive sponsorship” as the top barrier to successful global leadership development, followed closely by “lack of budget” and “lack of alignment between stakeholders.”

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Asian Americans Are the Least Likely Group in the U.S. to Be Promoted to Management

Harvard Business Review

Several years ago, one global energy company commissioned an internal task force to review the status of women and minorities in its leadership pipeline. Reporting to the executive staff, the task force found insufficient gender and racial diversity in the pipeline, including Asian diversity, and recommended specific actions.

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A Fairer Way to Make Hiring and Promotion Decisions

Harvard Business Review

So it''s no surprise that even during the economic downturn, organizations tended to maintain or even slightly increase their budgets for such diversity and inclusion initiatives as mentoring programs, training, affinity groups, diversity councils, and scorecards.