There are a number of factors today that impact the demand for high potential leaders and require us to think about the workforce more holistically than ever before.
- We all know the workforce is aging but the subtly is that the impact is greatest in the Caucasian population – causing a natural shift in the makeup of the workforce but equally importantly the customer base of every company selling in the US, Europe and Asia.
- Over the past decade, US companies cut back in hiring individual contributors and mid-management staff; budgets for leadership development were slim; and now there is a tremendous gap in many layers of the succession plan.
- The demand for leaders with global experience is escalating exponentially.
- There are four generations in the workforce; the oldest generation will likely work longer than ever before; and each generation has a different expectation of their work and careers.
- More workers are looking for alternative career paths that are aligned with their life stages.