Purposeful talent development: A culture of learning builds resilience

According to statistics from McKinsey’s State of the Organization 2023, 60% of leaders believe organizational resilience will become more important in the future, yet only 14% of organizations have adopted a fully agile operating model.

The same report found that resilient companies generated 10% more in total shareholder return between the fourth quarter of 2019 and the second quarter of 2020. Between the second quarter of 2020 to the third quarter of 2021, the differentiated growth had gone up to 50%.

The report also found that publicly listed companies have found that when they involve more than 30% of their workforce in capability-building programs, they enjoy 43% and above benchmarks in total shareholder returns. In addition, organizations consider learning and capability-building as extremely important to their long-term resilience this year. (The number was 59% before the pandemic.)

 

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