I speak, counsel and write consistently about the critical need for an organization’s leaders to institutionalize the process of identifying, developing and retaining talent.  In a recent workshop, less than 20% of the organizations represented indicated that they had any form of succession planning or early talent identification programs in place.  The numbers got worse when we talked about development activities for established associates.

While I suppose that I should be grateful for how miserably organizations perform in the area of talent development—after all, it means a large market for workshops, programs and books, it frankly pains me more than it pleases me.  This isn’t that hard or expensive people.  What are you waiting for? 

In the Monday, January 28, 2008 Wall Street Journal, Carol Hymowitz writing in her In the Lead column, offers up: "They Ponder Layoffs, But Executives Still Face Gaps in Talent."  She indicates: "Even as they contemplate layoffs, many companies also are hunting for new hires to fill management gaps.  One reason for the hunts: Companies haven’t been grooming and training enough employees for promotions and now have a mismatch of talent for open positions."

Art’s comment: This is an execution failure of massive proportions.  In my opinion, it is symptomatic of the bizarre quantitative exercise that many large organizations use to keep ratios in-line.  The task often involves making then numbers work to satisfy operating target commitments, and the actions include cut first and fix later.  Corporate triage with a high fatality rate and a guarantee that things won’t get better.

In the February 4, 2008 print newsletter from the career networking service, ExecuNet, survey results indicated that, 67% of executives and HR professionals Strongly Disagreed that their company has an effective succession plan for top leadership positions.  65% Strongly Disagreed that their organizations have a plan for knowledge management and transfer as older workers retire. 

Art’s comment:  No succession plan and no plans for knowledge transfer tells me that the organization is not interested in sustaining, or that the top leadership has yet to draw the critical connection between great, knowledgeable people and success.

Hymowitz drills down into more of the organizational dysfunction around talent development and retention.  "Employees who lack guidance and opportunities are more likely to quit and look for jobs elsewhere, even during shaky economic times."  A survey cited in her article and performed by YSC, a London-based consulting form that polled nearly 20,000 workers, "…indicated that more than half belief that they don’t receive enough feedback from their managers to help them improve their performance."

Art’s comment: Aaarrggghh!  Feedback fuels performance.  A manager must be giving effective, constructive feedback (as well as genuine, positive feedback) early and often.  Every manager has many opportunities every day to get this right, yet most still don’t.  If they are not giving feedback, what are they talking about?  Sports?  The weather? 

The bottom-line for now:

My own informal polling into the root cause of all of the talent development dysfunction described above, tends to yield one consistent answer.  I always ask my groups "Why?" and the response is consistently: "We don’t have time."  Try as I might, I usually cannot restrain myself and I  let out an audible groan of pain. 

Stay tuned for some practical thoughts on "How to Make Time" in your daily pursuits for incorporating high-impact, low-cost talent development practices.