Report: Executives concerned about leadership shortages

A recent report on executives priorities determined that developing leaders and succession planning were the greatest concerns related to employee talent. When evaluating their companies talent programs, executives who were spending more in this area were more likely to be satisfied with the results. The highest strategic priority for executives was locating new sources of growth in a slow economy. The full report, Talent Edge 2020: Redrafting Talent Strategies for the Uneven Recovery, by Deloitte Consulting LLP, as well as an executive summary, is available online.

Tips: Look at your key leadership positions. Are you giving employees opportunities to gain the skills and experience they will need to move into those roles in the future? Do you have a well-conceived plan for doing so? Have you broadened your pool of potential candidates by extending an open invitation to participate in leadership development activities, instead of relying on an individual tap on the shoulder approach? Vigilant can help in your efforts by identifying training programs that support your leadership development goals. We can also put you in touch with the internationally recognized firm, Lee Hecht Harrison, for executive coaching services at reduced rates for Vigilant members. Contact Nicole Forward (n.forward@vigilantcounsel.org or 800-733-8620), our training manager, for more information.