Grow your own leaders
Produced in partnership with Beth Pipe FCIPD of OnLive Learning
Grow your own leaders

The following Practice Management practice note produced in partnership with Beth Pipe FCIPD of OnLive Learning provides comprehensive and up to date legal information covering:

  • Grow your own leaders
  • How to spot potential
  • Coaching and development for leaders
  • Personal development plans
  • Delegation—stretch but do not break
  • Succession planning

Grow your own leaders

This Practice Note explains how nurturing and developing home grown talent can be beneficial to a firm, keeping important skills and knowledge in-house as well as being a useful motivational tool for ambitious and talented individuals. Recruitment is an expensive and time-consuming activity, especially when you are recruiting to fill senior level positions—growing your own leaders can be far more time and cost-effective.

This Practice Note covers:

  1. how to spot potential

  2. coaching and development for leaders

  3. personal development plans for future leaders

  4. delegation

  5. succession planning

How to spot potential

The most important question you must ask yourself is: what leadership skills do we need now and will we need in the future? You need to know exactly what you are looking for before you can start looking for it.

Key skills required of leaders include the ability to:

  1. drive and manage change

  2. identify and develop future talent

  3. foster creativity and innovation

  4. coach and develop others

  5. execute the organisation’s strategy

  6. build customer satisfaction and loyalty

  7. improve employee engagement

  8. make difficult decisions

Each firm will have its own specific requirements and it is important to identify what the most important skills are for leaders within your firm.

Many firms will have a set of partnership promotion criteria which clearly outlines what is expected of an individual before they can be considered for partnership. A balanced scorecard system is a

Popular documents