Development Dimensions International (DDI) with the Economist Intelligence Unit (EIU) recently published Growing Global Executive Talent which points out that talent awareness is not enough. Immediate action is required according to the more than 400 executives polled. 55% felt that business performance would likely suffer due to a lack of talent.
Aberdeens recent study of more than 9,000 organizations, The Looming Leadership Void: Identifying, Developing, and Retaining Your Top Talent, reveals that less than half have a succession planning strategy in place today. However, 73% will develop one in the next year. Aberdeen offers a proven roadmap to success:
Gain senior management support.
Standardize employee evaluation.
Target key positions for succession.
Define position attributes and behaviors.
Establish position skills and knowledge.
To learn how succession planning plays a key role in talent management, join Kevin Martin, Research Director HCM, Aberdeen Group and James Harvey, Product Manager, Taleo Corporation on May 28, 2008 for an informative webcast, Best-in-Class Succession Planning, The Real Scoop.
