Human Capital & Strategy-III

Building a Cadre of Strong Managers by Way of Talent Management Process

Developing a group of effective diverse leaders from the bottom up is one strategy for keeping the leadership pipeline filled. Incorporating leadership development into the talent management process is an ideal way to reach goals.
— By Joseph Warren

Managers at all levels are either new hires or promoted employees. A certain amount of new hires is good for the company. Hiring from within offers opportunities to increase diversity at the management level through equal opportunity, if the workforce is diverse, and inject new perspectives, along with desired experience and skills. Always hiring from the outside is not a good idea because it prevents high-potential employees from obtaining leadership positions. Added to this is the fact that a highly competitive labor market can leave a company scrambling to compete for top leadership talent.

One solution is to integrate leadership development into the talent management process. This approac...

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