Five Mistakes That Will Stymie Your Career Progress
Promotion-seeking managers looking to ascend to the executive suite will want to avoid these mistakes.
Among the practices of the best companies for developing leadership, 90 percent expect employees to lead, regardless of whether they're in a position of authority.
That's from the Hay Group's Best Companies for Leadership study. Here Rick Lash, national director of the leadership and talent practice for the management consultancy, discusses the impending leadership shortage and leadership trends.
He says 15 to 25 million jobs in the United States are expected to become vacant in the next 10 years due to retirement, which means companies have to be grooming new leaders to step up quickly. At the same time, some skills, such as the ability to engage others, coach and develop talent, and to provide a broad business and global perspective tend to be developed over a period of years.
This strategy+business post, called "The Rise of Generation C" might help. (The "C" stands for "connected.") It says:
Executives must begin now to develop an agenda that includes an analysis of the capabilities and workforces they will need in the next decade and beyond. A critical step will be to make sure that the organization as a whole understands the coming changes, and that there are already people within the organization who are living these changes now, who don't perceive them as a threat, and who can help integrate them into the organization's business plan.
The Hay Group each year picks 20 top companies for grooming leadership. This video tells how they're selected. You'll find the global list here. It includes tech giants Intel, Accenture, Microsoft, Hewlett-Packard and Cisco. (Interestingly enough, these companies have fallen out of the top 20 in the past five years: Zappos, IBM, Dell, Motorola, Verizon, Nokia, Oracle and Infosys. Oh, and BP and Toyota.) Among the best practices reported this year: