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How to Identify and Develop Your Future Leaders
Investing in leadership development can be a game changer. Deloitte's “high leadership maturity” organizations are five times more likely to be highly effective at anticipating and responding to change. According to research by the Center for Creative Leadership, 86% of organizations with strategic leadership development programs were able to respond quickly to unpredictable business environments, compared to 52% of organizations with “less mature” programs.
Yet despite the fact that success in Industry 4.0 will require agile, flexible, innovative leaders (and equally agile, flexible, and innovative organizations), 38% of high-growth company executives surveyed by Mercer identified “the thin leadership pipeline” as their top human capital risk. And only 14% of respondents in DDIs 2018 Global Leadership Forecast believed their organization had a strong pipeline of tomorrows leaders.
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Remaking Work for a New World: 2024 HR Predictions
How well is your organization managing today’s rapid, unabated rate of change? According to employees, 41% don’t believe they have what they need to develop their skills, while 59% are on the lookout for more career guidance. So, it has never been more important for HR leaders to stay current with the latest trends and understand what they mean for their people and organization. Yet, more than 60% of organizations aren’t leveraging AI technology to optimize their talent programs.
