Research Findings Webcast Scheduled for December 8, 2010
Washington, D.C. – November 16, 2010 – The Human Capital Institute (HCI), the global association for strategic talent management, announced today the findings of a Signature Research on Leadership Development. The findings were revealed as part of the 2010 HCI Learning & Development conference held in Boston, MA and the research was developed in partnership with Lee Hecht Harrison (LHH), a talent management solutions company.
This original research report explores the topic of “Leaders Developing Leaders,” a critical component of any leadership development strategy in today’s modern organizations, especially in light of the recession. “Leaders Developing Leaders” refers to the strategy by which organizations leverage the use of seasoned leaders as in-house coaches and teachers, with programs built on the theory that senior leaders are uniquely positioned to espouse and teach the leadership values and skills of organizations. Programs are aimed at building the talent leadership pipeline by compelling senior leaders to become teachers, coaches, and/or mentors for the organization’s future leaders.
HCI and LHH found that the benefits of incorporating a “Leaders Developing Leaders” program are the inexpensiveness, scalability, and the efficiency it offers. When senior leaders are actively incorporated into the development of emerging leaders, companies reap the benefits. Profitability increases, productivity improves, and employee engagement and organizational culture grow considerably.
“We cannot underestimate the looming talent crisis, which has been delayed, but has not disappeared. Strong development strategies are the key to success for organizations that are serious about fulfilling their future leadership needs internally,” said Peter Alcide, President and Chief Operating Officer of Lee Hecht Harrison. “Forward-looking companies that are competitive players in their industry make leadership development, and more specifically “Leaders Developing Leaders” programs, a top priority; it’s an organizational imperative. Leveraging your seasoned executives in preparing the next generation of leaders just makes good business sense.”
A 35-item survey exploring current leadership development initiatives, and the specific role of “Leaders Developing Leaders,” was developed and distributed to more than 10,000 HCI members to produce the foundational knowledge for this research. More than 400 responses were received from organizations around the world and the data revealed unique challenges in the Learning & Development space as organizations grapple with the impending talent leadership crisis. Additionally, the survey identified advantages of a “Leaders Developing Leaders” approach, uncovered barriers to effective implementation, and concludes with actionable recommendations to create a best practice program in any organization.
HCI and LHH will host a webcast on December 8, 2010 at 2:00 pm Eastern to present the findings of the research in greater detail. Registration for the free webcast is at http://www.hci.org/lib/leaders-developing-leaders-hci-s-latest-signature-ld-research-findings
The full report can be downloaded on hci.org at http://www.hci.org/files/field_content_file/2010_LD_LHHreportFinal.pdf