What are you doing to prepare your future leaders? Will they be ready when you need them?
Carol is a senior leader in the Department of Organizational Effectiveness at a public utility company. Her company is known for its stable employment and low turnover. As their workforce matured, the company realized that over 60% of its workforce would reach retirement age within five years. The organization knew it had to do something to prepare its future leaders to step into the roles of those who would soon be leaving.
Carol was given the assignment to prepare a leadership base that will meet the future demands of the organization. She realized, that now more than ever, particular attention must be given to developing and engaging those who will be the leaders of the future.
She also knew that slow residential growth in her area significantly impacted her training and development budget. She had to find a cost effective way to simultaneously train multiple individuals from multiple levels and functional areas of the organization.