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Bench Strength

Sponsored By Oliver Wyman

Topics:
Employee Benefits & Human Capital > Professional Development

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Abstract:
Interviews with executives from 16 companies that were part of an Oliver Wyman best-practices study indicate what some of the best companies in the world are doing to quickly develop leaders who can step into mission-critical roles. The study looked at successful approaches to identifying and managing a pool of high-potential talent, specifically future P&L or general manager leaders; accelerating development and preparing leaders for bigger roles; and building leadership capabilities that will support growth and globalization strategies. A successful approach includes a thorough forecast of what type of talent will be needed in the future, an assessment of risks, a process for accelerating development, and methods to measure success in building a bench.
DETAILS
Sponsored by: Oliver Wyman
Posted: September 30, 2008
Length: 8 pages
Format: PDF (236 kb)
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