To get the best results from combining performance management with career and succession planning, you need to have a leadership and management development pipeline strategy.
A report published by the Institute of Leadership and Management (ILM) in 2012, titled “The Leadership and Management Pipeline”, concluded:
“We know that organisations with better skilled leaders and managers are more successful, and that countries with well-trained leaders and managers are more competitive. The UK currently flls down on both counts compared to our trading rivals.
An overwhelming 93% of respondents identified a lack of management skills as a key risk to their business. In spite of this, the research shows that only 57% of UK employers have a plan to ensure that they have a pool of leaders and managers that are suitable skill to fill future vacancies.”