Change Management: TD’s Role in Driving Organizational Transformation

An oft-repeated statistic asserts that around 70 percent of change initiatives fail. Beyond the financial and time costs involved in poorly executed change initiatives, this failure can have a strong negative effect on employees. But as the rapid pace of change in organizations continues, employees are constantly having to adapt to new realities and circumstances. To mitigate these negative effects, organizations need to prioritize employees when developing their change initiatives. Training in change management aims to prepare people and organizations to adapt to the new normal. The talent development function should play a crucial role in the process by ensuring that employees have the skills they need to thrive. Change Management: TD’s Role in Driving Organizational Transformation draws on a sample of 311 talent development professionals across a variety of industries to deliver benchmarking data and highlight best practices.