Leadership correlates with financial performance. That means finding, developing, and retaining effective leaders is not only a talent management priority but also a business imperative.
Leadership development isn’t confined to succession planning, nor should it be restricted to C-level executives. Today’s flatter, global organizations need leaders throughout the workforce ranks.
However, there are major challenges in finding and developing leaders at all levels. These include identifying qualified candidates to fill current and future leadership roles, and having the tools and techniques to develop a comprehensive leadership program to cultivate and develop the leaders of tomorrow.
Leadership development spans talent management practices. Elements reside in:
- Recruitment to source leadership talent.
- Assessments to evaluate leadership capabilities both internally and externally.
- Performance Management to monitor and make course corrections in developing leaders.
- Internal Mobility to provide development and promotion opportunities.
- Succession Planning to avoid future leadership gaps.
- Career Planning to allow employees to understand their leadership options and set development goals.
- Development to create a roadmap to fill skills gaps.
The skills you need for your future leaders should also evolve with the business landscape.
THE 2020 LEADER
The 2020 Leadership Model for Tomorrow’s Workplace calls for:
“…our leadership and management practices must be informed by the ecology of the organizational environment in which employees reside and in which markets change constantly. Leaders do not live apart and distinct from employees who are a part of the overall chain of an organization, and leadership skills are more useful when developed holistically, rather than in isolation.”
Register for Taleo’s Leadership Development Web Seminar on the 26th of August to find out more about What Makes a Great Leader?
