If your organization isn’t focusing on cultivating and nurturing its future leaders, perhaps it should. Demographics of leadership are rapidly changing and organizations need to adapt their learning and development programs to meet the needs of this new demographic. The Baby Boomer generation is entering retirement while Millennial numbers in the workforce continue to rise. Outsourcing talent is another area that challenges organizations. According to Brandon Hall Group’s Industry Perspective titled State of Leadership Development 2015: The Time to Act is Now, many organizations struggle with attracting top-quality talent externally and therefore, have directed their resources towards growing internal talent to meet their business needs. As this shortage of qualified leaders continues, it’s becoming critically important for organizations to develop effective and dynamic leadership development programs.
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