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Organizational Bench Strength
By Michael | October 1, 2009
| “The key to sustained competitive advantage in any industry is not size, image, or technology. It’s talent, particularly at the leadership level. Your organization’s future depends on its ability to identify, retain, and prepare a dependable “bench”-its next generation of leaders-continuously”. -Dr. Robert W. Barner Did you know that there were 76 million Americans born between 1946 and 1964? Also known as “baby boomers” many organizations are unprepared to lose this pool of talent. According to Arlene Dohm, an economist with the Bureau of Labor Statistics in Washington, D.C. “Baby boomers are going to be retiring in droves starting with the end of this decade”. Have you identified and begun to develop future leaders? Do you have a succession plan in place? Think about your current talent pool. What would the impact be if they were no longer part of your organization? Creating a plan to maintain leadership bench strength is essential to guarantee The best way to begin the development process is by having regular discussions with each employee about their successes, strengths, needs, and aspirations. The Gallup Organization recommends a 3 step process: Ensure each employee has a written development plan and meet regularly (we suggest monthly) with each team member to review the progress against the plan. If you have identified an individual as a future member of your leadership team, verify they have the interest in that position. Assuming you are aligned, assess the unique talents of that individual and update their development plan with actions that include maintaining their strengths and closing the gaps. Next, begin to identify key positions and match the talents of suitable candidates with those positions and determine any further areas to be developed. Is cross training required? Would having a mentor help? Could having a coach speed up the development process? Executive coaching now reaches 43% of CEOs and 71% of the senior executive team and may be attributed to the desire to help successful leaders get even better and organizations achieve desired results. Lastly, meet with your organization’s leadership team and review one another’s succession planning analyses. Agree on business strategies, directions, and critical positions, and identify actual names for those positions. The positions may not need to be filled now, but you will build your bench strength and be positioned to act quickly should you find the need. Leadership talent is one of the most critical needs of any organization. Have you measured your organization’s bench strength lately? If not, we recommend you do it today! We’re here to help you increase the success of your organization – contact us today! Sincerely, Michael W. Kublin For more information about PeopleTek visit our website Or contact: Special Fall Rates for: Buy one at the regular price ($2600) and get the second one half price, or buy two and get one free The next program begins October 15th Special Referral Offer For Leadership Journey graduates: The graduate who gets the most referrals to enroll in and take a fall Leadership · A Nintendo Wii Console System with one game If there is a tie, the Amex Gift Certificate will be split between the tying Graduates. Simply have your colleagues complete the online registration form click to enroll and in the “Additional Information” section, enter ‘Referred by and your name.’ Remember, the Journey is virtually offered and in a time slot when it is appropriate for anyone from California to England to attend. Please contact: The prize will be awarded November 30th. To find out more about our programs to increase your organization’s success Click Here “Executive coaches report steady demand for their services despite the recession. Individual and corporate clients say the one-on-one counseling is critical for career success, especially during tough economic times”. Our unique individual and team programs, called Journeys(TM), inspire leaders of all levels to be confident and attain greater results personally and professionally. |
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