The first quarter of 2024 is now in the books. From a value creation perspective, the S&P index has grown by about 10% and the Dow Jones Index by about 6%. This strong and steady growth has occurred in the face of continued volatility coming from socio-economic issues, inflation, the unemployment rate, weather conditions, and world population health factors.
One of the most important pieces of research Advantexe continually seeks is information gathered from our Training and Development clients to understand what skills they are looking to develop for the rest of the year and beyond.
Based on our continued conversations and surveys in Q1, 2024, the top three skills large, global organizations are seeking to develop are:
- Collaboration
- Business Acumen
- Leading a Culture of Innovation
What has been interesting to discover is the consistency of both the definition and focus on these specific skills they are seeking to solve. That hasn’t always been the case. For example, a year ago the most important skill companies were looking to develop was providing feedback as a form of coaching. What many found out was there is no one definite and easy definition or methodology for teaching how to give effective feedback. Here at Advantexe, we implemented several major Coaching & Feedback simulations, and they are all growing into the 2nd and 3rd year of implementation which means immersive, practice-based learning is one of the only ways to teach those skills.
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