Creating a Robust Talent Pipeline
Organizations recognize that developing leaders from within (a ‘grow your own’ strategy) is crucial to achieving critical business objectives. However, too many organizations struggle deciding on whom and where to invest their time, money, and development resources.
When stocking high-potential pools, they might miss opportunities to ensure a balanced and diverse pool of internal talent by using vague or inconsistent criteria, evaluating current performance rather than future potential, or basing nominations on one manager’s unchallenged perspective.
The outcome might be a poor return on investment and associated reputational damage.