What are you doing to develop the future leaders of your organization?
Fortune 1000 companies are showing a renewed interest in leadership development sparked by a shortage of rising talent who will one day fill upper management roles. The trend is examined in a recent survey, “The Rising Risk of a Double-Dip Leadership Crisis: A Pulse Survey on Exploring the Increased Focus on Leadership Development.” Human performance consulting firm the CARA Group Inc. conducted the survey, polling leadership, organizational development and training executives from Fortune 1000 companies.
Key findings include:
- More than half of respondents, 62 percent, say their organizations face a leadership skills gap.
- A whopping 84 percent of respondents say their organizations have added leadership development programs or initiatives in the last two to three years.
- However, few consider these programs to be working. A mere 9 percent of respondents consider their current leadership development programs “very effective,” while 56 percent describe their programs as “somewhat effective” or “ineffective.”
- Unsurprisingly, respondents reported the skills most critical to future leaders are leading others (54 percent), managing change (43 percent) and strategic planning/vision development (40 percent).
- Online learning and development (66 percent) is the No. 1 way companies are leveraging technology in their leadership development programs.
Information on our leadership development programs.
