Survey: 30 Percent of Firms Don’t Have a Leadership Bench

Los Angeles — June 10

A global executive survey by recruitment firm Korn Ferry found that 30 percent of organizational leaders do not feel their organization is ready to promote its talent, while 70 percent of executives feel their organizations are either ready now or somewhat ready.
Thirty-nine percent of those surveyed believe their organizations either mostly or fully have the right talent to succeed in today’s changing global environment, and 46 percent believe the talent in their companies either mostly or fully have the right mindset required for global expansion.

However, survey respondents noted a buy-in to the importance of a global talent management approach as the biggest factor detracting from talent management efforts. In fact, 28 percent cited this as the top issue, with only 12 percent citing lack of budget/funding.

Source: Korn Ferry