Published: 14 February 2024
L&D leaders strive to deliver customized development for executives, but this approach falls short on preparing executives for today’s priorities. Learn how to maximize executive development returns on investment by adding a cohesive approach to customized development.
In 2024, the top three capabilities HR leaders are prioritizing in their executive development strategies are evolving the business strategy, building inclusiveness and creating psychological safety.
Compared to other leadership levels, organizations allocate an outsized amount of the leadership development budget to executives. At the average organization, executives make up 5% of leaders, but consume 16% of the leadership development budget.
Most organizations take a customized approach to executive development by connecting executives to learning opportunities, such as coaches and business schools. When used alone, this approach creates learning gaps.
Progressive organizations add cohesive development to their customized approaches. Cohesive development
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