Companies of all sizes have to ensure that their future leaders are identified, nurtured and trained, and ready to take the helm when needed. Many studies have named the health of their talent pipeline as the number one concern of company executives both in the United States and abroad. Does your company have processes in place to ensure a robust talent pipeline?
One of the first things to consider is whether you have a leadership competency model in place. This type of model spells out what is needed to be successful as a leader in your company. Most such models focus on three areas of competency: leading the organization, leading oneself and leading others.