April 2012
Interesting research findings that focus on the development of High Potential Leaders - an area many of our clients are focused on.
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Only 17% of executives surveyed were “satisfied” with their company’s high potential identification accuracy” Study found ‘organisations are not clear about what qualities to look for or how to measure them’
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85% report to have ‘High potential programs’ in place
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90% use ‘Performance Reviews’ as the basis for high potential development
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Only 13% evaluate the accuracy of the high Potential identification process
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Fewer than 10% of senior managers are “highly effective” at picking potential stars and more than 20% were “ineffective” or “not very effective”
Source: 200 companies surveyed by Professors L Karakowsky and I. Kotlyar in cooperation with the Canadian HR Reporter, 2011
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Fewer than 33% of high performing employees have the critical abilities to excel at the next level of the organisation
Source: Corporate Leadership Council of the Corporate Executive Board, 2011
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“40% of internal job moves made by high potentials ended in failure” (HBR 2010)
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Only 15% of North American and Asian, and less than 30% of European companies believe they have enough qualified successors for key position. We were surprised to discover how many companies launch high-potential programs without first clearly establishing what they mean by ‘potential’.
Source: ’How To Hang On to Your High Potentials’: HBR, 2011
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“The center of gravity for growth is shifting toward Asia. Predicted growth rates in India and China are double those of Europe and North America.”
Source: 20 Best Companies for Leadership, Hay Group, 2011
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90% of managers think they are among the top 10% of performers in their workplace
Source: Business Week – August 2007
November 2011
Jo Clayton recently became an associate of
The Boardroom Practice Ltd. She assists the partners in board assessment work and advice to their clients around improving executive team performance. She is passionate about helping organisations ensure they have good governance processes in place. This can be quite complex in businesses that have shareholder/directors who actually work in the business.
Contact her and discuss how she may help within your organisation.
October 2011
Wayne Urquhart attended the Korn Ferry/Lominger Conference in Phoenix, Arizona this year. The
conference attracted a large group of international and US delegates and highlighted new Lominger
product innovations launched during the year. These include viaEdge, the updated assessment tool
which measures Learning Agility and provides strong data for Leadership Potential and Succession
Planning. The tool is proving very popular across the USA. There were also new insights in improving Organisation Transformation and Board level effectiveness.
In addition to these announcements, client experiences and results achieved were presented. These
included case studies from several US based businesses.
As well, it was reported that there is a research based assessment of the Lominger Behavioural
Library with an upgraded structure and updates about to be announced in the New Year.
Contact Wayne to hear more about any of these items.
