Many companies now find themselves in a leadership desert, with leadership development neglected amid recent global crises — the pandemic, inflation, hybrid work, and a competitive job market.
The effects of this are becoming more obvious. According to recent research from Josh Bersin (November 2023), only 17% of companies have a solid leadership succession plan, and just 15% are addressing leader burnout.
These facts are much too low!!!
Understandably, CEOs and CHROs have been focused on more immediate challenges, from sustaining the business, labor shortages, employee burnout and building efficient hybrid work models. In doing so, they’ve let leadership development dry up, creating a void at the top with no leadership bench strength to fill the gaps.
This leadership drought is having a ripple effect. Without strong leadership, companies are struggling to attract, retain, and nurture talent. Companies without a pipeline of well-prepared leaders face challenges in:
- Developing a clear strategic direction
- Ensuring sustainable growth
- Fostering a thriving company culture
- Enhancing employee engagement
- Driving innovation
As we navigate this post-pandemic landscape, organizations must recognize the importance of investing in leadership development. This isn’t just about preparing future executives—it’s about creating a culture of learning, resilience, and adaptability. By doing so, companies can turn this leadership desert into an oasis of innovation, growth, and future success.
The desert we’re in may seem vast, but with the Keep It Real™ Leadership Program, your organization will cultivate leadership that drives sustainable growth. Contact us today so we can talk leadership and get your organization set up for success!
Till the next time, keep it real.
Karen
