John Hansen outlines the key steps organisations need to undertake to identify, attract, fill, and retain corporate leadership talent.
A business is a collection of people working for the same cause, and a leader is required to define that cause. Growth of a business will only come through the time and talents of others. To identify, attract, fill, and retain corporate leadership talent, companies need leadership development programs focused on hiring strategies, employee development, and career and succession planning.
Companies face two major challenges in finding and developing leaders. They need to identify qualified candidates to fill current and future leadership roles, and they need to develop a comprehensive leadership program to cultivate and develop the leaders of tomorrow.
In the past, leadership development was focused on only a few individuals in the organisation. First-generation systems to assist with leadership development were siloed and/or hard to use and were not widely adopted. Companies need a system-enabled way to unify methods of assessing and selecting leaders, executing programs to develop skills, and measuring the success of these programs.
Now technology can be deployed to extend these practices across the enterprise and down into all levels of the workforce. Human resource development then becomes an enterprise-wide, effort across the management team and not just the job of the HR department. At the same time, by using a common, integrated technology platform, the HR department can easily and effectively track and execute programs across the organisation. With the right technology system in place, HR can be a role model in delivering to the CEO mandate of doing more with less.
Elements of leadership development programs
Major talent management functions all play a part in a comprehensive leadership development program and can be well supported by a unified talent management technology platform. These functions include recruitment
, assessment, performance management, succession planning and career planning.
A successful leadership development program begins with the alignment of leadership development with company strategy and an understanding of the type of leadership style(s) needed to execute that strategy.