It’s no secret that organizations with strong leaders consistently outperform the competition. These leaders typically start as employees who demonstrate high potential, and studies have shown they are twice as valuable to an organization. Unfortunately, as OnPoint has discovered through their own research, many professionals lack confidence in their company’s ability to identify the right employees and effectively develop them to become future leaders.
Without a succession plan in place, companies can often make costly mistakes. Many organizations make significant investments to develop and promote the wrong employees, which is can be very costly. Companies often promote employees based on factors that seem important but aren’t always the best predictors of future success for leadership roles. The truth is, the hardest workers or the most loyal employees aren’t always the best leaders. They may lack the ability or the ambition to lead, or they may not be highly engaged in your organization because they are more interested in another company or a different career path.
Rick Lepsinger is President of OnPoint Consulting. His career has focused on helping organizations and leaders identify and develop leaders, work better virtually, enhance cross functional team performance, and get from strategy to execution faster. He conducts numerous seminars and workshops on succession management, leading from a distance, leading cross functional teams, and enhancing execution. Rick has written numerous articles and is the author or co-author of several books.