Reading reports like the one below is valuable for understanding the challenges companies around the world are currently facing. This particular report is comprehensive, drawing on responses from 2,185 human resource professionals and 10,796 leaders across 2,014 organizations in 50 countries and 24 industries.
Key Insights from the Report:
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Declining Trust in Managers: Leaders report lower levels of trust in their managers. Areas for improvement include listening, empathy, giving and receiving feedback, sharing ideas, and challenging outdated practices.
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Skepticism Toward AI: Both leaders and frontline managers show varying levels of trust in AI, leading to some resistance to its adoption.
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Leadership Stress: Stress among leaders continues to be a significant issue.
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Diverging Sense of Purpose: While C-suite leaders report an increasing sense of purpose, frontline employees are feeling a decline in purpose.
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Talent Concerns: CEOs identify talent retention and attraction, along with economic uncertainty, as pressing challenges.
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Skills Gaps: There is a growing need to better understand and develop critical skills within organizations.
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Leadership Turnover: The departure rate of high-potential leaders is on the rise.
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Strategic Capability: Many leaders lack the necessary skills for strategic planning and managing change.
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Coaching & Development: There is a strong need for better coaching and leadership development programs.
Implications for Higher Education
This report highlights the increasing need for higher education institutions to equip graduates with the skills that align with evolving business demands. For instance, a unique industry-competency model I/others have been developing focuses on building stronger alignment between educational outcomes and industry needs—addressing many of the trends identified in this report.
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