Anxiety is high among organizational leaders that as vital as a new generation of leaders is, many do not feel ready to promote talent.
In a recent survey by Korn Ferry, only 39 percent of those surveyed believed their organizations had the right talent to succeed in today’s changing global environment. One third did not feel their organization is ready to promote its talent at all.
With succession management so critical to driving a competitive advantage and securing a company’s future, what is hindering organizations from preparing for and feeling confident in their succession development efforts?
According to the same survey, based on responses from 100+ senior-level executives from 49 countries, the top issue detracting from talent management efforts is buy-in of a global talent management approach. Why global?
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About the Author
Andrés Tapia is senior partner, Leadership and Talent Consulting, Korn Ferry.