In Search Of Management Candidates
After a couple of years in which hiring freezes and layoffs have become common, many companies say they don't have enough management successors, according to a survey by career transition and executive coaching firm OI Partners/FS&F.
The survey of 212 companies in North America, most of them mid-sized to large, found that 54 percent of respondents say they don't have enough qualified successors in place to succeed executives and managers. Only 32 percent said they have enough future leaders, and another 14 percent said they're not sure if they do.
For the most part, the employers want to promote from within. Seventy-two percent said they plan to develop high-potential employees to become top management. Fifty-four percent expect to promote executives who are already ready to step up, while 40 percent want to hire from their competitors and 26 percent anticipate recruiting from outside their industries.
OI Partners said the survey shows the opportunity out-of-work executives and managers have to sell themselves to potential employers.
For current employees, the firm said, the survey shows the need to prove themselves as management candidates.
WBJ Web Partners
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