Tuesday, October 29, 2024

Growth Mindset in the Workplace 2024

New research by TalentLMS explores the critical role of a growth mindset at work. The report reveals the missing growth skills, how AI impacts continuous learning, and key obstacles in developing a growth mindset culture.

Mindset drives profits: 80% of executives agree that employees’ growth mindset directly contributes to revenue growth.

Key takeaways

AI hinders learning and growth

53% of executives think that generative AI will hinder the development of a growth mindset in the workplace.

Key to future wins

89% of senior leaders agree that future business success will depend on leaders who embody a growth mindset.

Fueling organizational success

88% of executives say a growth mindset is important for organizational success, emphasizing its critical role.

Growth mindset in the workplace research report

Belief-behavior mismatch 

While 96% of executives believe they have a growth mindset, only 45% of employees think that their executives demonstrate a growth mindset.

Learning drives retention

52% of employees would leave their current job for a company that offers more opportunities for continuous learning and development.

Unlocking growth mindset: Culture, skills, and leadership

Insecure leaders block growth

One in five executives report that leaders who block others’ progress to preserve their own power hinder a culture of growth.

Top missing skill: Active listening

The top three growth mindset skills lacking in the workplace are active listening, critical thinking, and time management.

Driving growth through culture

A positive and supportive workplace culture is the strongest motivator for employees to develop their growth mindset.

Roadblocks to learning and growth

What’s stopping the seamless adoption of a growth mindset in the workplace? To find out, we examined roadblocks on organizational and individual level. Turns out, fear of failure is the top-voted barrier to a growth mindset culture for senior leaders and employees. It is followed by dealing with feedback and resistance to change.

Growth mindset pays off

Our research revealed that a growth mindset offers numerous benefits for organizations. Specifically, 64% of senior leaders underscored enhanced productivity and performance as a key benefit. The graph on the left shows the wide-reaching impact of a growth mindset, including improved company culture and employee engagement, greater organizational innovation, and more.

A roadmap to a culture of growth:

What leaders find important for creating a growth mindset culture

Leading by example

An overwhelming 90% say that leaders should lead by example to foster a culture of growth.

Continuous development

87% emphasize offering continuous learning opportunities across the company.

Learning from mistakes

84% highlight normalizing discussions around failure and learning from mistakes.

Download the full-scale report

Growth mindset is key to driving organizational success. Use the data and takeaways from the report to supercharge your growth initiatives.

Dive deeper into original research by TalentLMS

Research: Skills for success in the AI-driven future

Research: What employees want from L&D in 2024

Research: The state upskilling and reskilling in 2024

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