The Case for a New Generation of Managers
Current workplace training is failing to develop the technical leaders companies desperately need. This interactive report explores the high costs of this gap, the skills that are missing, and the economic trends that make solving this problem a critical business imperative.
The Corporate Training Gap
Traditional Learning & Development (L&D) initiatives often fail to deliver tangible results, especially in leadership development. The data reveals a significant disconnect between spending and impact, creating a cycle of ineffective training and unprepared managers.
Average completion rate for online corporate courses, indicating low engagement.
of variance in team engagement is driven solely by the quality of the manager.
of L&D initiatives are able to measure a clear return on investment or business outcome.
The High Cost of the Status Quo
Failing to develop internal talent forces companies into a costly cycle of external hiring, especially for management roles. This section breaks down the significant financial premium paid for external hires compared to the more efficient path of internal promotion, alongside overall corporate training expenditures.
External vs. Internal Manager Acquisition Cost
Average Corporate Training Spend (2024)
The Technical Manager Skills Gap
Many individual contributors are promoted based on technical skill, but lack the crucial soft skills—communication, empathy, conflict resolution—to succeed as managers. This gap leads to team friction, low morale, and decreased productivity. Click the cards below to see what industry leaders are saying.
The Broader Economic Landscape
Macroeconomic trends highlight the growing need for skilled leadership. The demand for managers continues to rise, and in a competitive labor market, the quality of management is a key differentiator for attracting and retaining top talent. Effective leadership is no longer a soft benefit; it's a strategic necessity.
Projected Growth in Management Occupations
Projected annual openings for management roles due to growth and replacement needs.
Source: U.S. Bureau of Labor Statistics
Projected size of the corporate training market by 2029, with a rising emphasis on soft skills.
Source: The Business Research Company
The Solution: Ming
Ming addresses these challenges directly. By providing immersive, AI-driven AR/VR simulations, we transform high-potential technical experts into effective, emotionally intelligent leaders. We provide a scalable, measurable, and engaging way to build the managers you need from the talent you already have.
Learn More About Our Approach