Identifying and grooming potential leaders is critical for organizational effectiveness and continuity at the top. Baby boomers are retiring in massive numbers, and we are facing a potential leadership talent drain of 30% or more through 2012. Great organizations get ahead of this curve by getting their leadership—and even outside help—to groom, coach, and mentor potential leaders. Those who don't make such efforts end up settling for the wrong people in key roles, or hiring from the outside—a much riskier venture. What do you need to change to systematically select potential leaders and support their development? An effective program is worth its weight in recruiter’s fees.
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