Palo Alto, Calif. — March 12
Professionals working in executive development have a new set of benchmarking services to provide valuable market insight.
The Institute of Executive Development now offers a selection of market surveys covering several areas of executive development and enabling real-time feedback and insight into market conditions.
The surveys cover important aspects of development such as “executive coaching” and “high-potential leadership development,” timely subjects that are of immediate importance to all executive development professionals,” Executive Director Scott Saslow said. “Given the rapid evolution of these content areas, a real-time snapshot
into thinking and practices of the global community of executive development professionals is vital.
“Exploring critical areas of executive development and collecting market intelligence for the institute and its clients is central to our mission. However, the most compelling aspect of the institute benchmarks is how quickly we’re able to capture knowledge and present it back to participants in real time.”
Each of the online surveys encompass about 20 multiple-choice questions, and the
surveys simply require Internet access to complete.
For most surveys, the results of all previous participants are shown in aggregate form at the end of the survey.
While clients of the institute have access to more detailed data and analysis for the surveys, the aggregate market data is available to anyone, anywhere, at no charge.
Most market surveys take anywhere between six to 12 months from when a participant provides his or her perspective, and when data is subsequently shared back to the participant.
The institute’s surveys completely collapse this time frame to fewer than 15 minutes.
Often the findings of the surveys uncover opportunities and challenge conventional wisdom.
In the “Executive Coaching” survey, only 40 percent of respondents report that executive coaching is coordinated with other developmental techniques.
From the “Leadership Development” survey,
the data show only 9 percent of respondents always conduct an ROI analysis on their activities.
These data points help professionals rethink some key assumptions, and in the best of worlds, change their work patterns to better support their organization’s development activities.
“These surveys provide a quick and easy read on some critical aspects of my work,” said Sherri Boyle, First Industrial Realty Trust head of training and development. “The information is thought provoking and helpful in how I execute my work.”
The surveys cover the following areas of executive development:
- Executive Transitions (onboarding executive hires and internal executive
- Innovation & Growth Through Leadership Development
- Excellence in Asian Executive Development
- High-Potential Leadership Selection & Development
- Leadership Development: Challenges and Best Practices.
For some of the surveys, partnerships with other market-leading organizations are in place to ensure high quality design and execution of the surveys.
For example, Marshall Goldsmith Partners, RHR International, The Danish Leadership Institute and The Alexcel Group are all involved in different surveys.
According to The Institute of Executive Development, the partnerships provide great market expertise into the topics of the survey and enable better collective intelligence and market knowledge to improve the survey and its impact on the profession.