The report transitioned to the TDXCI with the most recent Q1 2016 survey to reflect the expanded impact that industry leaders have on their organizations. Indeed, the role of today's talent development executives is to oversee functions that build the knowledge, skills, and abilities of workers to achieve organizational success. Although the executives participating in this survey may have titles such as chief talent development officer, chief learning officer, or director of learning and development, all these individuals are leaders in the field of talent development.
To this end, the questions in the Q1 2016 survey asked about the status of talent development. Talent development executives are less optimistic about the health of the function that they oversee compared with last quarter, with the TDXCI score at 60.9. Last quarter's LXCI score was 64.3. Two quarters ago, the LXCI score was 68.0, and this is the second quarter in a row that has seen a drop in the score.
The current score is lower than any in 2014 and 2015; during this period, it ranged from 64.3 to 68.8. However, it is important to keep in mind that the current score is still 5.8 points higher than the historic low of 55.1 from Q1 2009. The current score is 9.0 points below the historic high score of 69.9 from Q4 2013.
The TDXCI is a composite score that takes into account four key indicators for how talent development executives believe the talent development function will change during the next six months:
- ability to meet talent development needs
- impact on corporate performance
- perception of the value of the talent development function
- availability of resources.
Read more from CTDO magazine: Essential talent development content for C-suite leaders.