Purposeful talent development: Avoid the shortage
3 ways to build your bench strength before it’s too late.
While the writing has been on the wall for a while, business leaders are now starting to directly feel the effects of insufficient bench strength during a critical talent shortage. Not having bench strength comes from not being able to retain talent. And the long-term result of all of this will be a failure to meet organizational goals.
According to the 2018 DDI Global Leadership Forecast, 14 percent of organizations do feel they have a strong bench, down 1 percent from 2014. What are those 14 percent doing differently? They are effectively identifying and cultivating their “high potentials”—employees with the ability and drive to move into roles of increasing responsibility—through development pipelines. This is something you can do, too.
The Problem: Lack of engagement with high potentials to build a strong pipeline for the future.
The Solution: Build an effective pipeline for future leaders by identifying high potentials, developing potential early and empowering individuals to own their growth.
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