Executive education 2021: FT survey shows what employers want
Chief learning officers are demanding proven results and focus on change and diversity
From Original Article by Andrew Jack, May 9 2021
From a self-selective poll organised by the FT, more than a quarter of chief learning officers (CLOs) around the world said they intended to increase their budgets for executive education in 2021, while over half said they would maintain spending at 2020 levels. Just 17 per cent planned a reduction.
The findings come from a pioneering survey conducted by the FT in partnership with UNICON, the International Consortium for University-based Executive Education, along with the Association to Advance Collegiate Schools of Business and the European Foundation for Management Development — the two leading accreditation agencies — as well as the Society for Human Resource Management.
Planned budget increases during 2021 were greatest for companies in Latin America and Asia-Pacific, followed by the US and Canada, then the Middle East and Africa. Those in Europe were the least likely to anticipate growth in spending on training, but nonetheless more expected to increase than decrease expenditures this year. Overall, the average anticipated increase was 73 per cent.
Leadership, change management, diversity and inclusion and digital transformation are among the top priorities to emerge in the pandemic.
Overall, 62 per cent of respondents anticipated new models of collaboration around learning, offering scope for innovation and intensified activity by business schools and other providers. But tough negotiations lie ahead to provide what CLOs seek. As one said: “[Almost] everything we’ve found is too fluffy, lacks real world content and depth, and has provided almost zero return on investment.”