The war to ‘develop’ talent

These days, keeping hiring pools sufficiently large requires readying internal candidates for consideration.

I bet you’re seeing “the war for talent” everywhere in your reading right now.

That’s because it’s real.

This fight comes from lots of companies vying for the available talent as Baby Boomers retire from a great number of leadership roles—more roles than the next generation can currently fill.

Winning the war for talent means getting creative. For example, some companies are hiring back former executives in contract roles. Credit unions will need to make sure to win a key battlefield: the one to develop talent.

As an executive recruiter, I’m often involved in succession and leadership development planning. I recommend starting down this road to developing talent by figuring out who on your team has the potential to move up to the next level in leadership. Talk with the people you identify to find out if they aspire to such growth. If they do, create a development plan for each individual on your list.


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