Showing posts with label SuccessionPlanning. Show all posts
Showing posts with label SuccessionPlanning. Show all posts
Wednesday, September 23, 2015
Wednesday, September 16, 2015
How Do You Create a Leadership Pipeline?
Who’s responsible for developing the leaders of your organization’s future? Recent research from DDI’s Global Leadership Forecast suggests that 2/3 of organizations have programs in place for identifying and developing high-potential leaders and that in 85% of those organizations senior management is responsible for identifying and developing those individuals. But it’s a tricky needle to thread for a senior management team. Four key questions help. Who? How many? How? Why?
Wednesday, August 19, 2015
How to Fund a Decade of Leadership Development by Avoiding Just One Bad Hire
Forbes recently reported that among the world’s top 2,500 publicly held companies, the cost to shareholder value of an unplanned CEO departure comes in at $1.8 billion more than a planned departure.
That’s a lot of zeroes. Way more zeroes than the average salary of those CEOs.
Most of those unplanned departures result from bad hiring decisions. Based on an average CEO salary of $12 million for Fortune 500 companies, that makes the multiplier on a CEO’s salary greater than 100x if you want to understand just how costly the wrong hiring decision can be for the world’s top companies.
Odds are, your company is not among the world’s top 2,500. Maybe your organization isn’t even publicly held. For you, what is the cost of a poor hiring decision in the highest ranks of your company?
Wednesday, July 29, 2015
Can You Afford Succession Planning?
Figuring out how much succession planning costs is relatively easy. You can put a price tag on what it costs to staff and implement your ongoing succession planning activities and your associated leadership development efforts. What's harder to figure out is how much it costs your organization not to invest in intentional succession planning and the leadership development that goes along with it. The more important questions might be:
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