State of Leadership Development 2015: Time to Act is Now
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Brandon Hall Group research shows that top-quality talent is immensely challenging to source externally. 55% of organizations told us they were struggling with a talent shortage, and 64% indicated their greatest talent challenge was attracting talent.
For this reason, organizations are focused on growing internal talent to meet business needs, and, therefore, leadership development is a clear and continuing talent priority year-over-year. Nonetheless, 36% of organizations say their leadership development practices are still below average or poor, according to our 2015 State of Leadership Development Study.
Half of these organizations said their leaders are not skilled to effectively lead their organizations today, and a startling 71% said their leaders are not ready to lead their organizations into the future. Only 25% of organizations said they had a ready and willing successor identified for one out of 10 critical leader positions.
Organizations are not only struggling with shortages of talented leaders. Today’s influx of Millennial leaders is creating a second and pressing challenge for organizations everywhere.
This report reviews key findings from our research and offers four critical calls to action.
Critical Calls to Action
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