This Week's Herman Trend Alert

Leadership in Normal 2.0
 

  The Herman Trend Alert

February 20, 2013

Most Employers Worry About Bench Strength

Employers all over the world are facing a serious challenge---a critical shortage of workers. According to a recent study by AMA Enterprise (AMAE), a division of American Management Association reports that over two-thirds of employers in the United States are concerned about gaps in their organizations' management ranks.

In fact, only 28 percent of senior-level business, human resources, and management professionals are confident their companies have "sufficient leadership depth and no significant gaps in management".

All of the almost 1000 survey participants were asked: "Whether or not turnover rises in 2013, how would you describe your current bench strength?"

As the economy recovers and the job market improves, employee turnover will increase. Organizations will need to take a hard look at their management bench strength. In this AMAE study, 54 percent of the respondents believed their bench strength is "uneven and that some management gaps have been hard to fill". In addition, 18 percent think they have "inadequate bench strength and serious management gaps". Many employers are finding difficulty filling their talent pipelines.

Moreover, according to the survey only 19 percent of employers characterize themselves as "well prepared to deal with either rising turnover or management departures". For a long while now, organizations haven’t paid enough attention to training and development, much less engagement or retention. These years of complacency will lead to uncontrolled turnover and loss of top talent. Most organizations are simply not prepared.

Employers must "be proactive". If they wait for the bad news from their high-value employees, it will be too late. Conducting Stay Interviews now can help address employees' issues and aspirations.

The other implication of these results is the need for Succession Planning, including Succession Preparation. The gaps left by sudden departures can be catastrophic for organizations. [They] "can trigger a spike in customer defections or dissatisfaction, a slowdown in productivity, increased hiring and training costs, and general uncertainty for the people who remain in the organization”, said Sandi Edwards, Senior Vice President of AMAE.

Building and maintaining their critical talent pipelines will be at the top of the lists of priorities for the best employers this year.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

HOW DOES SHE DO IT?
Our author Joyce gets quoted in TIME Magazine and other national media on a regular basis. You can, too! Sign up for ExpertClick.com. You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by October 31st @ http://www.ExpertClick.com/Discount.

APF'S FUTURES FESTIVAL IN 3 DAYS: ONLINE OCTOBER 24TH: FULL SPECTRUM FUTURES
The Association of Professional Futurists proudly presents its annual online learning experiences on Full Spectrum Futures. Network with leading futurists from all over the world. And best of all, it's free to attend, though contributions are encouraged to help defray costs. For more information, visit here.

OUR VERSATILE TRANSLATOR ROCKS!
Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at marianalesti515@gmail.com or contact her on SKYPE at marianacampora.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_10-21-2020.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ HomeAboutProductsResourcesMedia ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.