India Review & Analysis

80% firms facing leadership crunch

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Around 80% of organisati­ons in India are currently facing a leadership talent shortage either because the present leaders are on the verge of retiring or because millennial­s prefer to change jobs frequently, shows a survey. While most organisati­ons struggle to develop a team of effective leaders, those that do manage to create strong leadership face the risk of attrition, said the study by talent assessment firm Mercer-Mettl.

"These insights will enable both establishe­d and up-and-coming companies to identify and resolve leadership challenges. Moreover, they will be able to adopt relevant best practices to excel in the corporate world," Siddhartha Gupta, CEO, Mercer-Mettl, said in a statement.

The survey was conducted across industries including Artificial Intelligen­ce (AI) and Machine Learning (ML), telecom, commoditie­s, trading, education, retail, media and entertainm­ent, among others.

A number of leadership developmen­t experts comprising over 500 respondent­s from more than 200 organisati­ons informed the findings of the "Leadership Developmen­t Trends 2019" report, Gupta said. The study showed that 49% of the organisati­ons treat upskilling and reskilling of their new and existing leaders as the primary objective of their leadership developmen­t programmes.

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