Corporate training improves stock market performance
A McKinsey study shows the link between stock market performance and employee skill development programs.
According to a study conducted by McKinsey, companies that initiate stable employee skill development plans perform on average 43% better on the stock market than similar companies in the same target market.
The study found that:
- companies that did not have any development plans had a stock market performance equal to the average;
- companies that had initiated development programs involving 10 to 30% of their employees had a 9% better benefit than their competitors;
- groups that had involved more than 30% of their employees had average benefits 43% higher than competitors in similar markets.
The U.S. consulting firm's research is part of a larger body of work that focuses on the organizational health of companies and how much this factor directly impacts the success of business transformation.
The data collected shows that about 70% of corporate transformations fails precisely because they don't include employee training programs.
McKinsey also developed the OHI (Organizational Health Index), an index that monitors the organizational health of companies at all levels (from managers to employees).
On a scale of 0 to 100 on the OHI index, companies in Europe are 10 points below the global average of 66. The companies in the Old Continent are mainly disadvantaged by shared vision, strategic clarity and information sharing.
Translated with www.DeepL.com/Translator
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