Dubai, February 2024 – The Talent Enterprise (TTE), a leading global talent assessment, technology, and leadership development company with offices in Riyadh, Dubai and Abu Dhabi, today announced the launch of ‘Talent Academy’ designed to provide organisations with powerful learning journeys, leadership programs, as well as coaching and capacity development initiatives, aimed at cultivating and nurturing a community of empowered leaders. Talent Academy will offer bespoke solutions across all levels of seniority, from building skills for early career talent to developing senior leadership to accelerate the future of work.
Globally, companies invest billions annually in leadership development, with around USD 60 billion spent each year, aiming to transform managers into exceptional leaders, as indicated by Future Market Insights. However, despite substantial resources and time, these initiatives often fall short of their ambitious commitments, failing to cultivate strong leaders. Many times, this may be attributed to leadership development efforts lacking longer-term, sustainable behavioural change and demonstrated impact. Further, according to a report by Global Insight Services, the global Leadership Development Program market size was reported to be USD 77.9 billion in 2023 and is anticipated to reach over USD 199.9 billion in 2033, growing at a rate of over 9.9% from 2024 to 2033.
In the post-pandemic world, organisations continue to face significant risks related to succession and business continuity, and future-proofing against these challenges as well as building a strong leadership pipeline is key. According to research by The Talent Enterprise, more than 50% of organisations could not name a successor to their C-Suite positions in case a vacancy arises, and many face significant risks in managing leadership transitions and building future readiness. This underscores the need for and importance of developing strong leaders and reinforces the significance of establishing the Talent Academy, which not only fills a market gap but also aligns with evolving market needs, and the future of work, blending the latest developments in learning with long-term change.
Radhika Punshi, Founder and Managing Director at The Talent Enterprise said: “While there are many providers focussed on developing leaders, Talent Academy stands out by delivering deeply meaningful, outcome focussed solutions and programs that help shift behaviours and mindsets and demonstrate sustained leadership impact. There is a massive need by private and public sector clients in the region to elevate HR, assess and develop skill gaps, identify and develop high potential talent pools, and equip current leaders to meet the people, digital and business challenges over the next decade. Talent Academy aims to be a pivotal learning partner to our clients, focusing on evidence-based, immersive, ROI-driven programs leveraging our science of behaviourmetrics® and focus on the future of work.”
“The Talent Enterprise approaches leadership development by delving deep into behavioural science, offering a distinctive viewpoint to cultivating leaders. This approach goes beyond traditional methods and is centred around impact-based leadership, aiming to identify leaders poised to make the most significant impact. Moreover, our comprehensive development programs offer impact focused training to help women in the region navigate gender-specific challenges, and develop the skills needed to influence and lead effectively, all aimed at advancing women in leadership roles,” added Punshi.
Talent Academy tailors its programs to meet diverse organisational specifications. The offering spans programs across five main streams:
Mohamed Hamza, Senior Director Client Success, KSA at The Talent Enterprise Talent Academy, said: “In the region’s young nations, developing leaders and grooming them to lead transformation is crucial to achieve the ambitious goals in place. We aim to support this by launching the Talent Academy and utilising the local and regional experience we have, along with the global best practices and world-class solutions that we offer, to achieve practical results on the ground and support the transformation journeys in the most relevant way. Through our thought leadership at The Talent Enterprise and our partnership eco-system, we are confident that the Talent Academy will address the current gap in the market by delivering impact-focused leadership, skilling and capability development solutions for governments and the private sector, supported by certifications, accreditations, and coach credentialing for the HR community, delivered in English and Arabic depending on the requirements.”
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