Optimism and confidence about the outlook for the talent development function in organizations rose in the third quarter of 2014. The current Learning Executive Confidence Index (LXCI) surveyed 351 learning executives (LXs) about these key learning and talent development indicators: Ability to Meet Learning Needs, Impact on Corporate Performance, Perception of the Value of Learning, and Availability of Resources. The only indicator not to improve between the second and third quarter was Availability of Resources.
The Association for Talent Development’s (ATD) LXCI for the third quarter of 2014 was 66.9, a gain of more than a point over the second quarter score of 65.7. The general optimism shown by learning executives mirrored trends in the economy. Although the U.S. economy stalled in the first quarter of 2014, the economy recovered in the second quarter, seeing growth in both fixed business investments and inventory investments, which suggest a positive business outlook.
Key findings from the third quarter of 2014:
>> Overall, more than three-quarters of learning executives have positive expectations.
>> Learning executives’ confidence in their ability to meet their organizations’ key learning needs during the coming six months rose about two points, the largest improvement seen for any indicator, from 67.1 in Q2 2014 to 69.4 in Q3 2014.
>> Learning executives are least optimistic about having availability of resources needed to meet learning needs in six months. The indicator decreased from 57.1 in Q2 2014 to 56.4 in Q3., this is the only indicator that saw a downward shift from last quarter.
>> More than half of learning executives think that continued economic growth will lead to an increase in the creation of new learning content, coaching/mentoring, emphasis on learning, and learning services provided.
ATD’s Learning Executive Confidence Index was launched in August 2008 and is designed to assess the outlooks and expectations of learning executives for the next six months; it is measured on a 100-point scale.
—Read full report: www.astd.org/Professional-Resources/LXCI