Leadership succession and speed of development is the primary internal challenge for leaders today.

Mitigate against the loss of critical talent in the future – identification of tomorrow’s leaders is crucial – the biggest threat to the business over the next 12 months.

The urgency to identify and develop future leaders is intensifying.

Yet, only a few (less than 40 percent) are confident that their company currently has the right talent to drive business success. (Lumesse and Loudhouse)

This is a strong indicator that current succession and development processes are unable to guarantee the development of future talent.

You may be unable to effectively deal with top talent attrition in the future. Businesses are finding it difficult to identify future leaders and up-skill them accordingly. May be, HR and business leaders are too preoccupied with other priorities in running day-to-day business operations.

HR professionals must look to develop an advantage ahead of competitors…