Sign in Subscribe
Banking industry

Fortune 500 Companies Develop and Enhance Talent through Toastmasters

Strategic Insights

— 1 min read

As the business world continues to evolve, companies are recognizing the importance of effective communication and leadership skills in driving success. In response, nearly one-third of Fortune 500 companies have established in-house Toastmasters clubs to help employees improve their communication and leadership abilities. These clubs have been chartered by industry giants such as Apple, AT&T, Bank of America, The Coca-Cola Company, Exxon Mobil, Google, Microsoft, and The Walt Disney Company, among others.

Key Takeaways:

  • 600 new corporate Toastmasters clubs were chartered in the past year, demonstrating a significant growth in the adoption of this program.
  • The program has been particularly valuable to companies such as Bank of America, which has seen its employees benefit greatly from the development opportunities provided by Toastmasters.
  • The skills taught through Toastmasters, such as effective meetings, time management, listening, presentation, team collaboration, and leadership, are highly prized by employers in today's fast-paced business environment.
  • Organizations that have formed corporate Toastmasters clubs have reported a decrease in employee turnover and an increase in employee satisfaction, making it an effective and inexpensive way to develop and retain employees.
  • With a record growth in corporate clubs, Toastmasters International expects continued demand for its program as companies recognize the importance of effective communication and leadership skills in the workplace.
  • The program has been a key partner in Bank of America's goal of providing extensive learning and development programs and resources for its employees.

Statistics:

  • 600 new corporate Toastmasters clubs were chartered in the past year.
  • Nearly one-third of Fortune 500 companies now offer in-house Toastmasters clubs.
  • 313,000 members in over 14,650 clubs in 126 countries.
  • The program has been in existence since 1924.
  • Over 60 Bank of America Toastmasters clubs have been formed to provide ongoing development opportunities to employees.

Sources:

  • "Fortune 500 Companies Develop and Enhance Talent through Toastmasters" PR Newswire, June 23, 2015
  • Toastmasters International website
  • Press release from Toastmasters International, available at: http://www.prnewswire.com/news-releases/fortune-500-companies-develop-and-enhance-talent-through-toastmasters-300103106.html SOURCE Toastmasters International

Read more