With leadership development a top talent management priority this year, a recent study found that many employers plan to increase their investment in this area. In fact, 54% of employers surveyed by Lee Hecht Harrison expect to increase spending on leadership development in 2015, followed by 41% maintaining the same level of spending, and 5% spending less.
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“Having a strong pipeline of ‘ready now’ leaders is at the heart of a high-performing talent management strategy. And it requires an investment and commitment to bring that to fruition,” said Kristen Leverone, senior vice president for Lee Hecht Harrison’s Global Talent Development Practice. “To ensure investments are made strategically, it helps to prioritize the competencies needed for success, both today and in the future.”
The top 10 in-demand leadership competencies identified in the survey are: results management, strategic thinking, team leadership, collaboration, communication, decision-making, coaching/mentoring, ethical behavior, interpersonal skills, and impact and influence.