Leadership Development & Succession Planning Trends: Fostering Tomorrow's

Leaders

CHAPEL HILL, N.C., Nov. 18 /PRNewswire/ -- Identifying and developing
tomorrow's leaders continues to be a major business challenge as baby
boomers retire. When these employees -- tending to occupy senior-most
positions -- leave, some of the world's leading companies stand to
lose more than 30% of their top employees, according to Best
Practices, LLC research. Although most companies have leadership
development programs in place, they are constantly challenged to
optimize the return on investment. The best programs enable effective
high-potential employee selection and solid training as well as drive
overall organizational process improvement and corporate performance
enhancement.

Best Practices LLC's Benchmarking Research and Consulting Services
help dozens of organizations improve their leadership selection,
development and retention practices as well as their bottom-line
results. Now we are ready to assist you with customized benchmarking
studies or access to existing Best Practices research!

To give executives quick access to benchmarks and metrics drawn from
several research initiatives, we put together a research bundle on
Leadership Development & Succession Planning, available with a
complimentary research excerpt at
http://www3.best-in-class.com/dr192.htm. The following are sample
findings from the research bundle:

- One of the most important areas of leadership development is to align

candidates' characteristics with corporate culture and strategy. For

example, one company that values experience as the most important trait

for future leaders utilizes tools such as conferences, internal

libraries, and an intranet to help candidates broaden their experience

within the company.

- A benchmarked company employs a two-year formal plan designed to expose

associates to all primary business functions. Employees spend

approximately four months conducting Six Sigma or business process

improvement projects in critical-to-quality business functions

(operations, finance, IT, HR, compliance, business development).

- Senior executives at several organizations are moving in the direction

of basing promotion and development plans on the result of talent

reviews. For example, one company has a goal for devoting 30% of senior

management time to developing employees.

Download a complimentary summary at http://www3.best-in-
class.com/dr192.htm and save 10% on this or other benchmarking reports
through December 31, 2005. Simply enter promotion code 05Q4-10 during
online checkout or contact James Toomer at (919) 767-9178 or
jtoomer@best-in-class.com.

This featured document is one of many research bundles that can be
accessed for free with a Human Resources or Full Membership to the
Best Practice Database, an online resource containing more than $30
million in proprietary research conducted on behalf of executives from
Fortune 500 companies. Do your own search as a visitor, view our
newsletters, and learn more about membership access options at
www.bestpracticedatabase.com.

About Best Practices, LLC

Specializing in leading-edge benchmarking research, Best Practices,
LLC probes critical issues that drive organizational impact, influence
and efficiency. From facilitating peer-to-peer networking and
conducting customized benchmarking research to providing on-demand
best practices, Best Practices, LLC offers solutions for all your
benchmarking needs. Read more below about our complete suite of
service offerings. Visit our website at http://www3.best-in-class.com.
SOURCE Best Practices, LLC

-0- 11/18/2005

/CONTACT: Anna Buhr of Best Practices, LLC, +1-919-767-9175, or
abuhr@best-in-class.com/

/Web site: http://www.best-in-class.com

http://www3.best-in-class.com/dr192.htm

http://www.bestpracticedatabase.com /