In today’s challenging scenario the need for business leaders far exceeds their availability and organizations are hungry for more competent business leaders. These leaders have to be prepared to run global organizations in highly competitive scenarios.
Companies, thus, have to look at their strategies for retaining what they have and also build a second line. What becomes a concern is both finding and developing existing and future leadership talent. In such a case, the human resource (HR) team is entrusted with the task of grooming existing leaders and preparing the next generation. These future leaders have to be groomed to deal with the challenges of operating in global business environments, managing a diverse employee base and boosting profitability and growth. So, how does the HR manager identify capable people, guide and mentor them, and retain them?
