Unemployment has been high for far too long. So why are employers worried about a talent shortage?
The top concern for corporate leaders was brain drain--over 70% were highly concerned about retaining critical talent over the next year; two-thirds expressed the same concerns about high-potential employees. Only about one-third of employees at larger companies expect to stay with their employers when the recession ends.
Leaving leadership development to chance can be chaotic and unpredictable; organizations that want to ensure that they have the leaders they need, now and in the future, would do well to embrace leadership development by design. Turnover is a fact of life in business today, but by investing in employees, by demonstrating a genuine concern for their career development, by enhancing their skills, we can create and retain more high-performing, high-potential leaders.
Immediate Steps for Developing Tomorrow’s Leaders
1. Identify your next generation of leaders--and then ask them to step up.
2. Align the work with the purpose.
3. Then, give them the capabilities to go do it.