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January 17th, 2024 · 3 min read

10 talent development statistics you need to know in 2024

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Powerul talent development statistics to be aware of

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  • 88% of c-suite executives believe providing employees access to education is a critical part of their organization’s business strategy, and 80% will continue their investment for the 2020-2021 academic year. (InStride/Bain & Co.)
  • 64% of learning and development professionals say that reskilling their current workforce to fill skills gaps is more of a priority now in a post-COVID-19 world. (Linkedin)

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  • More than one-third of workers feel less confident they have the skills to do their jobs well (compared to pre-pandemic). Almost half (46%) predict their current skills "will die out" in the next few years. Another 46% of global workers said if their employers didn't offer them opportunities to upskill, they were likely to leave their job. (Degreed)
  • 72% of business leaders believe curated degree and certificate learning programs specific to their company’s strategic goals will drive business growth. (InStride/Bain & Co.)
  • World-class companies are more likely to make investments in creating career paths and challenging opportunities for employees, developing leaders and succession planning and recruiting hard-to-find skill sets. (Deloitte)
  • 96% of c-suite Fortune 500 CEOs report interest in understanding the investments and impact of their company’s learning and development initiatives. (ROI Institute)
  • “Jobs for life” are rapidly on the decline. 20% of Americans would prefer to work in a different industry altogether by 2030. (FutureLearn)
  • 34% of surveyed workers are satisfied with the level of skills development investment received from their organization and only 56% of respondents see a meaningful opportunity for themselves in the organization. (MIT Sloan Management Review and Deloitte)
  • 47% of employees say their extra training and education helped them advance within their current company. (Pew Research)

Employee professional development is key to growth

You can address talent development challenges