High quality leadership talent is crucial to an organization’s ability to perform. However, new leaders have a high failure rate at the beginning of their tenure. This suggests that the way future leaders are identified and prepared for these roles is in dire need of improvement. How can organizations better identify the right candidates for leadership positions and prepare them for the challenges that lie ahead?
Integrated data analysis is one way to better assess who to add to the leadership pipeline. Companies are also beginning to leverage organizational planning practices that give HR and senior leaders a holistic view of their internal hierarchies. This view enables them to better identify where potential gaps are and prepare their leadership pipeline with rotational assignments, leading special projects, mentorships, and other developmental opportunities.