Why Organisations Should Invest In Development Programs!
Business Manager|April 2017

Why don't organizations invest in learning processes and development programs that enable their leaders to keep their talent? Doesn't it make sense that better managers will yield better employee retention?

Dr. Ganesh Shermon
Why Organisations Should Invest In Development Programs!

"Stars are beautiful, but they must not take an active part in anything, they must just look on forever. It is a punishment put on them for something they did so long ago that no star now knows what it was."- J.M. Barrie. Yet Stars form the core of an organizational success. What makes these stars closer to ground so very different. Perhaps disruption!

People Disruption Rise of Stars Skills & Competencies

Competition for skills and talent is increasing. More importantly, this competition for skills is expected to intensify and become even more competitive when the Baby Boomers begin to retire (2012). Another issue is a mismatch between the skills and education young people are acquiring in their postsecondary educations and what's needed in the work force. The search for talent has become increasingly competitive over the past several years. Talent plays a significant role in leading organizations.

Digital organizations use leadership centers widely to ensure that they have a significant leadership pipeline. (Shermon and Shermon 2016). For example, in a Partnership consulting firm there is a never ending need for a large supply of partners to handle clients and balance sheet requirements, for example every balance sheet needs to be signed by a Partner as per the Institute of Chartered Association.

Clients in the consulting world also expect that mature leaders who understand the challenges and issues of the organization should handle their assignments. Experts from the consulting firms believe that this need for leadership center is built into their HR policies and is a frequent program.

a. The findings indicate that for organizations with less than 1000 employees, 82.5% of the organizations assess less than 100 employees, 13.4 % organizations assess between 100 to 300 employees and 4.1 % of the organizations assess greater than 300 employees.

This story is from the April 2017 edition of Business Manager.

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This story is from the April 2017 edition of Business Manager.

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