Summary of How to Win the Battle Between People and Profits

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How to Win the Battle Between People and Profits summary
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Speaking at the 2018 Degreed LENS conference, Jean-Marc Laouchez draws on his experience as president of the New York Korn Ferry Institute and a leader of the Korn Ferry Academy to make a robust business case for investing in learning and development (L&D). He urges organizations to adopt a new paradigm that integrates learning, purposeful living and work. Laouchez challenges leaders with this charge: “My call to action is making learning work.”  

About the Speaker

Jean-Marc Laouchez heads New York’s Korn Ferry Institute and leads the Korn Ferry Academy.

 

Summary

Business executives often feel they must choose between prioritizing profits or developing people. Even firms that value talent typically rate it as a “secondary” concern. However, leaders don’t have to choose between profits and talent. Consider the following:

  • “The extraordinary need for learning” – The work world will transform by 2030. Some “85% of jobs that…will exist in 2030 don’t exist today.” As new jobs emerge with fresh requirements, most of the world faces a massive skills shortage that will cost businesses more than $8 trillion in “lost opportunities.” A survey of Fortune’s 2017 “World’s Most Admired Companies” ...

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