Corporate Performance at Risk as Today’s Rising Talent Prepares to Jump Ship
01 Juin 2010 - 2:00PM
Business Wire
The Corporate Executive Board (CEB) (NASDAQ: EXBD), a leading
research and advisory services company, today announced that the
business world’s rising stars are increasingly disengaged and
actively seeking new employment opportunities. The findings are the
result of a recent employee engagement study revealing that 25
percent of employer-identified, high-potential employees plan to
leave their current companies within the year, as compared to only
10 percent in 2006. The study, conducted by CEB’s Corporate
Leadership Council, also revealed that 21 percent of employees
today identify themselves as “highly disengaged.” This group has
increased nearly three-fold since 2007. Based on its findings, CEB
believes that businesses must place greater emphasis and urgency
around leadership succession planning to ensure future success and
preserve the bottom line.
“Organizations are at a real risk of losing their most talented
employees as disengagement levels increase, the economy recovers,
and the labor market warms up,” said Conrad Schmidt, executive
director and chief research officer of CEB’s Corporate Leadership
Council. “It is paramount that companies act now, not only to
re-engage and retain high potential employees, but to re-evaluate
and shore up their succession plans and preserve leadership
development within their organizations.”
CEB’s ongoing employee engagement research, which included a
recent survey of 20,000 high-potential employees in more than 100
organizations worldwide, also reveals that nearly 40 percent of
internal job moves made by people identified as high-potential
employees end in failure. These compelling findings suggest an
urgent need for companies to retool their talent management
programs to ensure the successful development and retention of
high-potential employees during the economic recovery.
CEB’s Corporate Leadership Council identified six tips companies
can use to identify, re-engage, and more effectively manage high
potential employees:
- Stimulate. Emerging
leaders need stimulating work, recognition, and the chance to grow.
If not, they can quickly become disengaged.
- Test. Explicitly test
candidates for ability, engagement, and aspiration to make sure
they’re able to handle the tougher roles as their careers
progress.
- Manage. Having line
managers oversee high-potential employees only limits their access
to opportunities and encourages hoarding of talent. Instead, manage
these high-potential employees at the corporate level.
- Challenge. High-potential
employees need to be in positions where new capabilities can - or
must - be acquired.
- Recognize. High-potential
employees will be more engaged if they are recognized through pay,
so offer them differentiated compensation and recognition.
- Engage. Incorporate
high-potential employees into strategic planning. Share future
strategies with them and emphasize their role in making them come
to fruition.
The high-potential employee survey was part of a larger CEB
survey that surveyed 50,000 employees on how they viewed their
employers, how they were managed, and how they reacted to changes
in the economy. High-potential employees were identified among a
list of invited organizational participants by their respective
employers.
For more information about CEB’s high-potential employee
research, visit www.executiveboard.com/humancapital.
About The Corporate Executive Board
The Corporate Executive Board Company drives faster, more
effective decision-making among the world's leading executives and
business professionals. As the premier, network-based knowledge
resource, it provides them with the authoritative and timely
guidance needed to excel in their roles, take decisive action and
improve company performance. Powered by a member network that spans
over 50 countries and represents more than 85% of Fortune 500, The
Corporate Executive Board offers the unique research insights along
with an integrated suite of members-only tools and resources that
enable the world's most successful organizations to deliver
superior business outcomes. For more information, visit
www.exbd.com.
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