Staffing Management

Can We Measure the ‘Talent to Lead’?

By Staff Report

Jun. 30, 2015

Dear Looking for Leaders,

Sadly, Development Dimensions International’s own Global Leadership Forecast 2014 | 2015 shows that only 18 percent of organizations feel they have the right supply of leaders to meet their future business goals. So we agree with the “Yikes”!

Can we quantifiably measure “talent to lead? The answer is yes, you can — and we did — quantify the effect of better leadership. The Global Leadership Forecast surveys more than 1,500 organizations worldwide. We found that those organizations with high-quality leadership were six times more likely to be in the top 20 percent of companies in terms of financial performance. Throughout the report, we found that leader quality helps predict financial performance and positive leader experiences amplified the link between leader quality and financial impact greatly: Organizations with both high levels of leadership quality and leader engagement/retention were nine times more likely to outperform their peers financially.

The report also identified that leaders need more preparation to face VUCA — or volatility, uncertainty, complexity and ambiguity — challenges. Of the 1,528 global HR representatives surveyed, more than one-third report that their leaders are not VUCA capable. Forty percent said their leaders are not capable meeting the challenge of volatility, 32 percent sited uncertainly, 36 percent complexity and 31 percent identified ambiguity as the challenge their leaders are not prepared to face.

What does this mean for organizations? Organizations whose leaders are VUCA-capable are three times more likely to be in the top 20 percent of financial performers.

SOURCE: Rich Wellins, Development Dimensions International, Pittsburgh.


blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog

HR Administration

Rest and lunch break laws in every US state

Summary Federal law does not require meal or rest breaks Some states have laws requiring meal and rest ...

workforce blog

Staffing Management

What is labor forecasting?

Summary Labor forecasting helps businesses determine where, when, what kind, and how many employees are...

demand forecasting, labor forecasting, labor modeling, staffing

workforce blog

Staffing Management

How staffing agencies can better manage a remote workforce

Summary As remote work continues its rise, modern workforce management technology is being adopted – st...

remote employees, scheduling, staffing, time and attendance management