Global Korn Ferry Succession Study Shows Lack of “Ready Now” Candidates to Fill Critical Roles
The study further showed that less than one-third (32 percent) of business leaders surveyed believe their organizations are doing a good enough job of cultivating “ready now” leaders.
“It’s not enough to develop leaders generically and expect them to take
on the specific challenges of a company’s strategic direction,” said
One of the issues, according to
According to the study, only 54 percent of respondents feel that their organizations are providing potential leadership candidates with new challenges and assignments, with only 53 percent saying their organizations identify candidates who are “ready now” for promotion to specific roles.
“Often times, leaders spend a good part of their careers participating in standard development programs that aren’t customized to their specific needs, which significantly hinders the fulfillment of their true potential being reached,” said Rabinowitz.
To determine readiness for a more advanced role,
“Simulated assessments clearly show a leader’s current state of
readiness and provide a real taste of what a role will demand of him or
“When you know the development gaps that still need to be filled, you can target development, often through coaching, to specifically address those issues within a set timeframe,” said Crandell.
About the study
EDITOR’S NOTE: For full report, infographics and videos, visit www.kornferry.com/successionmatters.
Tracy Kurschner, 612-309-3957