Ahead of our next 30-minute webinar on 28 February, we look at the challenge of building a leadership pipeline in our fast-moving world.
When the future is uncertain and unpredictable, what skills and capabilities do we need to ensure that our organisations thrive? Organisations everywhere face the challenge of planning for future leadership roles, even though we’re not actually sure what many of those roles will look like.
Our workplaces are becoming increasingly complex and unpredictable. World Economic Forum research into the future of jobs and skills has found that in many industries and countries, the most in-demand occupations or specialties did not exist five to ten years ago, and the pace of change is set to accelerate. Oxford University economists predict that 40% of all jobs are likely to be taken over by AI and computers. The advance of technology means that very human capabilities such as innovation and creativity will actually be more in demand than ever: recent PwC research showed that 77%of CEOs are struggling to find employees with these key skills and see the lack of them as a huge threat to business. To seize opportunities in our fast-moving world, leaders need to be increasingly agile and adaptable.
When it comes to finding the leaders of tomorrow, the most recent CIPD Resourcing and Planning Report found that more and more organisations are developing future leadership talent in-house. There is now much more focus on identifying future leadership talent and upskilling existing employees.
To identify, nurture and retain your future talent, you need a structured approach to assessment and talent management. Organisations vary in the accuracy and sophistication of internal talent mapping processes. For example, CEB research indicates that only 40% of organisations use assessment for development and promotion decisions. We have found that those who do can really benefit from reliable and valid measures to predict future leadership potential.
When assessing future leaders, consider in-depth, bespoke leadership assessment solutions that combine psychometric and cognitive profiling with business simulations and structured interviews. The most effective assessment is an integral part of your overall talent management strategy, enabling the development of new leadership skills through creative and high-impact initiatives such as job rotation, secondments, and inside-outside experiences.
In our digital age, it is the uniquely human capabilities that will help to set your organisation apart and allow your leaders to perform in as-yet unknown roles. Assessing an employee’s capabilities against future-orientated performance skills is one part of the picture. Knowing that they have the potential agility, motivation and the drive to make the transition will provide you with a more accurate view.
Join us for our 30-minute webinar on 28 February to discover how to:
- Identify high potentials who will seize future opportunities
- Support the future challenges and goals of your organisation
- Measure future skills such as agility and collaboration.