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Companies are facing a leadership crisis—existing leaders are frustrated and exhausted, benches are thinning out and there is a significant shortage of leaders prepared to fill key roles. In order to survive, organisations must invest in creating an environment where emerging leaders feel valued and can find purpose in their work. That means prioritising trust, authenticity, and diversity, along with a holistic approach to career growth and development.
-Stephanie Neal, Director of DDI’s Center for Analytics and Behavioural Research.
We know that leaders who trust their senior colleagues are 3X more innovative and those who feel a strong sense of purpose are 9X more likely to feel engaged and 2.4X more likely to stay with the company. That’s why it’s so urgent for companies to take action to rebuild confidence and trust in their leadership—so they can retain and nurture the next generation of leaders.
-Tacy Byham, Ph.D., CEO of DDI.
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