Content: coaching industry, coaching, human capital, executive coaching, coaching trends, corporate coaching, leadership coaching, business coaching, workplace coaching, human capital developers, human capital providers, coaching industry trends, people development programs
 


 

 

       The Behavioral Coaching Institute (our parent organization) is internationally recognized as the leading
         supplier of Coach Training Courses to the world's major companies and large government agencies. As
         such, it is in the unique position to not only confirm best practice standards but also industry trends. The below
         key points are from an interview with the BCI's Executive Director (Perry Zeus) as part of an upcoming Industry
         Research Paper (due to be published in 2008).        

Globalization of Business Drives the Demand for Specialist Human Capital Development Providers who Supply Cutting-Edge, Proven People Development Coaching Technology and Practices:
An increasing number of reports points to human-capital management becoming the No. 1 strategic issue for businesses. A recent international survey by the Economist Intelligence Unit reports that senior management rank failure in human-capital management as the main threat to sustainability of their global business operations. Top management cite skill shortages, succession issues and less key people as more threatening to their business than risks such as market competition, development of information technology, government over-regulation etc

Leading think tanks estimate that companies that manage people will outperform those who that don't by between 30 and 50 per cent -in some instances to a doubling in shareholder value. Some of today's successful companies who don't perform well in the human capital development scoreboard will be eventually brought to their knees. Poor hiring and development choices eventually convert to poor strategic and bottom-line decision making, loss of revenue and market share, competitive disadvantage, higher production costs, brand risk etc

Talent Management
Those companies who are looking to survive and thrive in the next few years are vigorously breeding much of their own talent in-house. This is quickly becoming the critical indicator to the sharemarket of the depth and breadth of their human capital.

As the world's individual markets continue to integrate into one global economy, more organizations are required to supplement internal talent with experienced senior executives and fast-track the development of internal key executives who can operate effectively in a global economy. The rapidly changing competitive environment challenges multinational and local companies to identify and best develop qualified executives who possess the right combination of skills, experience and cultural compatibility. Today, organizations are increasingly turning to specialist Human Capital Development Providers who can provide 1-to-1 and group learning and development solutions backed by expert knowledge in the application of evidenced-based, best-practice learning and development coaching methodology and tools.

 
The below additional labour-market trends are also contributing to the growth of the supply of People Development Programs employing Professional Coaching Best Practice:
- Increasing demand for managers and senior executives with broader skill-sets 
- Increasing desire by managers and senior executives to more actively manage their professional development
- Aging baby-boom generation resulting in a smaller pool of available candidates
- Shortening executive management tenures and more frequent job changes
Other Trends affecting the growing demand for specialist Human Capital Development Providers include:
- Companies are actively searching for trusted partners/providers who can address a broad range of their people development needs
  and who also understand their business and workplace needs. 
- Companies are seeking preferred providers who possess a range of cutting-edge, people development technology and methodologies
  to best fit a growing range of their people development needs rather than accept the traditional prescriptive, out-dated training
  practices that don't deliver.
- Economic factors such as the need to reduce or eliminate the costs required to maintain an in-house coaching/training department,
  the recognized need to have access to updated industry people development best practices and a distrust of traditional HR Training
  results are seeing companies focus more on their core competencies and to outsource L & D functions to Providers who can
  efficiently provide high quality, world-best practice People Development Services.   Back >. 

 

  

  

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Content:  coaching industry, coaching industry trends, people development programs, coaching, human capital, executive coaching, coaching trends, corporate coaching, leadership coaching, business coaching, coaching, human capital, workplace coaching, human capital developers, human capital providers, coaching industry, coaching industry trends,  corporate coaching, leadership coaching, business coaching, workplace coaching, human capital developers, people development programs, executive coaching, coaching trends, human capital providers,