The impending retirement of Baby Boomers is placing tremendous pressure on organisations to develop employees into qualified leaders at a faster rate than ever before. In a study conducted by Human Capital Institute and the University of North Carolina Kenan-Flagler Business School, 85 percent of organisations cited an urgent need to accelerate the development of their leaders. However, our research shows the majority of
companies today still struggle to execute in this regard primarily because their organisation has no formal leadership development program in
place or lacks an objective way to measure leadership competencies. Furthermore, companies that invest in leadership development programs do so primarily at the executive level, leaving first- and second-level leaders largely underserved (Bersin).
To ensure organisations are equipped with the talent to meet future business needs, it is critical to adopt strategies that elevate and accelerate incumbent talent. One way to do this is coaching — helping the individual clarify and move toward a specified goal, higher level of job performance, improved state of being, or other positive outcome. A coaching process that employs specific, progressive steps can help transform high potentials into high performers faster and build a strong talent bench from which organisations can source going forward.
So how can organisations accelerate talent development through effective coaching?
Predictive Insight delivers a unique range of talent management, leadership and behavioural assessment tools which give you and your management team the power and the knowledge to better motivate, lead and utilise your employees to the best of their ability.