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IT Management Slideshow:
Corporate Leadership Gap Looms Large

By Dennis McCafferty on 2011-06-07


With the Great Recession subsiding, organizations could be headed for a leadership gap as they seek to ramp up growth. CIOs and other corporate leaders are expected to meet business goals, attain profit targets and retain top talent. But, very few employers feel that their top executives are performing any of these roles particularly well, according to a recent survey from human resources consulting firm Aon Hewitt. This comes at a critical time, the survey reveals, given that the majority of businesses are now focusing on revitalizing talent recruitment and retention efforts. "As we emerge from one of the worst recessions in history, company executives must develop new leadership skills in order to improve workforce productivity and stimulate engagement," said Amy Mills, vice president with Aon Hewitt. "They also must invest in developing middle managers who can bridge the gap between leadership strategy and employee actions, and are best positioned to effect change. In fact, our survey shows a crisis in confidence that corporate leaders will be able to reposition their companies for profitable growth and create an engaging work environment." The research also demonstrates that employers aren’t happy with the commitment level of the workforce in general. More than 1,320 U.S. employers took part in the survey. Here are 11 highlights from the report:

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Top employer concerns (percent respondents):


Talent retention (31%)
Business strategy execution (18%)
Employee engagement (16%)

56%


56% of respondents say organizational leaders play a vital role in meeting business goals.

12%


Only 12% of these respondents say their leaders are extremely effective at meeting business goals.

56%


56% of respondents say that their company leaders are essential when it comes to meeting profitability targets.

14%


Just 14% of respondents say their leaders are extremely effective at meeting profitability targets.

44%


44% of respondents say their leaders are critically needed to retain talent.

7%


Only 7% of respondents say their leaders are extremely effective at retaining talent.

45%


45% of respondents don’t feel their employees are focused on their jobs.

40%


40% of respondents do not believe that their workers are driven to do whatever it takes to do their jobs.

61%


61% of respondents anticipate an increased focus on talent development this year.

40%


40% of respondents expect an increase in hiring this year.

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