Cincinnati-Based Human Capital Institute Highlights Importance of Developing First-Time Managers in New Research
HCI’s Latest “Talent Pulse” Shows How Organizations Can Support Managers and Teams by Formalizing the Development of First-Time Front-Line Leaders
CINCINNATI – August 22, 2016 – Human Capital Institute (HCI), the global association for strategic talent management, today announced the release of its latest Talent Pulse, a quarterly research eBook addressing the biggest trends and challenges in talent management. This edition, “Identifying and Developing First-Time People Leaders” explores the importance of front-line managers in business success, and how those managers are essential to employee productivity, team functioning and engagement.
Eight out of ten front-line managers are promoted from within the organization. Though they are vital to a company’s success, only 48% of HR practitioners and leaders agree that they adequately invest in front-line manager development. “Good managers who can provide valuable coaching and guidance to their employees are critical to business growth,” said Carl Rhodes, CEO of HCI. “In providing models for success, we hope to help our business leaders avoid common pitfalls and focus on long-term growth and development.”
From a survey of over 250 organizations, key research findings include:
- Soft skills such as integrity, communication and adaptability are more important than technical skills for front-line managers.
- Not all individual contributors want to be leaders, so alternative career paths and rewards must exist for the strongest performers.
- Investing and supporting new, front- line managers drives better performing managers and higher employee engagement.
The research, available free to download on hci.org, details HCI’s New Manager Lifeline, a model that HR and L&D can use to avoid the “sink or swim” mentality and set first-time leaders up for success.
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events.