strategic leadership development study findings
DESCRIPTION
Studies suggest a direct relationship between great leadership and an organization’s bottom line. Hence, organizations are often very focused on equipping their leaders with the necessary skills and capabilities. This report summarizes a study conducted by The Conference Board and Right Management to investigate a wide spectrum of organizations globally, their challenges and needs, and their intention and goals with leadership development initiatives. This study is based on three major components: a global survey with 654 respondents, a comprehensive literature review, and case studies based on interviews with senior leadership development professionals.TRANSCRIPT
STRATEGIC LEADERSHIP DEVELOPMENT
GLOBAL TRENDS AND APPROACHES
Future investment in leadership development
37%
49%
11%
4%
34%
48%
14%
5%
46%
42%
8%
4%
39%
47%
10%
4%
North America
Europe Asia Global Average
Increase
Stay the Same
Decrease
Not Sure
Spending on leadership programs expected to rise
40 of leaders globally%
are either marginally prepared or unprepared for business challenges over the next 12-24 months.
Why?
Most important now
Leading changeRetaining and developing talentGlobal thinking/mindsetCollaborationIntegrity
The most in-demand competency
Most important over next 5 years
Leading changeGlobal thinking/mindsetRetaining and developing talentLearning agilityCreativity
Leading change
Companies struggle to accelerate leadership development and
retain top talent
55%
45%
38%
29%
18%
18%
Biggest hurdles
Only 25% of organizations globally have succession planning efforts in place for all of their levels of
leadership, not just mid-level and above. So many organizations
struggle to have an ample pipeline
Ric Roi, Head of the Global Center of Excellence for
Talent Management at Right Management
of ‘ready now’ candidates to move up into positions of greater responsibility and scope.
48%
greater resources in the next 12 months to coaching or mentoring.
Coaching remains at the core of development
are allocating
Disconnect exists between allocation of resources and impact
Talent is the single most important factor in driving
competitive advantage, and the skills and capabilities needed tomorrow may not exist today.
Amy Abel, Director, Human Capital Research for the Conference Board.
Leadership development geared to deliver business results
How do you measure the outcome of your accelerated leadership development programs?
57% Business results
Employee retention and loyalty
Employee engagement and satisfaction
Promotion of graduates into new positions
Customer satisfaction
Corporate brand and reputation
56%
54%
52%
16%
12%
Request the Full Research
Contact your local Right Management office to request a copy of the research to:
• Generate ideas and develop creative and impactful programs
• Determine how your own programs compare to global industry trends
• Inform leadership development strategies and investments
Right Management is the talent and career management expert within ManpowerGroup.
About the StudyRight Management partnered with the Conference Board in 2012 to complete the survey “Strategic Leadership Development: Global Trends and Approaches.” Participating were 654 respondents from 14 industries. The research is based on three major components: a global survey, a comprehensive literature review, and case studies based on interviews with senior leadership development professionals.
About Right ManagementRight Management is a global leader in talent and career management workforce solutions within ManpowerGroup. We design and deliver solutions to align talent strategy with business strategy.
About the Conference BoardThe Conference Board creates and disseminates knowledge about management and the marketplace to help businesses strengthen their performance and better serve society.
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