Given the high unemployment rate, you’d think organizations would have plenty of bench strength. Not so, according to 212 large and mid-sized companies responding to OI Partners survey. Findings include:
- 54% of companies in the survey said they do not have enough qualified successors now working for them to succeed their executives and managers.
- Only 32% of companies report currently having enough management successors in place.
What to do? Look within and develop high potential employees already employed according to 72% of respondents. Poaching is still popular, as 40% cite raiding their competitors for new talent.
This is what I call a problem with a price tag. Executive development folks are going to have some fun this year…and so will recruitment specialists, and diversity experts. Design your offerings accordingly.
Tags: Marketing, strategy, Vickie Sullivan