Study: Companies Waiting Too Long on Leadership Development

Salt Lake City — Feb. 12

Leadership development firm Zenger Folkman’s recent study of a Silicon Valley software firm found that companies are waiting too long to begin leadership programs.

After spending much time, money and effort in developing leaders when asked about the one thing they would do differently in the future, they replied: “We’d begin this earlier in people’s careers.”

In a recently published Harvard Business Review blog and upcoming webinar, Jack Zenger, CEO of Zenger Folkman, explained that after analyzing 17,000 leaders it was, “no surprise to discover that the average age of all participants was 42.” Less than 5 percent of all participants were under 27 years of age and only 10 percent were under the age of 30.

According to Zenger Folkman, there are many benefits of starting leadership development earlier.

Among the more notable, employees learn more easily at a younger age; they avoid acquiring bad habits; have a longer time to practice; benefit the organization with improved skills sooner; and enjoy success earlier.

Source: Zenger Folkman