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The importance of leadership and talent management to navigate turbulent times

14th April 2017 | Richard Goodall

The importance of leadership and talent management to navigate turbulent times

Great leaders within an organisation are the difference between sinking or swimming when it comes to navigating turbulent times, something particularly relevant with the likes of Brexit still high on every company’s agenda at the moment. Despite the recent trigger of Article 50 and the weakened pound, nobody really knows for definite the way things will go. UK organisations, in particular, can expect this uncertainty to continue well into 2019, and that’s if the 29th March scheduled ‘leave’ stays on track. The fact is, until the UK actually leave the EU, even the most educated guess is unlikely to be a fully representative forecast of things to come; and as such, leaders need the ability to adapt, think on their feet, and act decisively. So how can you ensure your current and future c-suite executives are up to the job of making impossible decisions and coming out on top? Talent management is more important than ever following Brexit Specialist talent management strategies are essential for any business, but especially so during less certain climates. Talent management isn’t merely the act of attracting and recruiting new talent, but also refers to the development, management, and retention of those currently employed. Our […]

Great leaders within an organisation are the difference between sinking or swimming when it comes to navigating turbulent times, something particularly relevant with the likes of Brexit still high on every company’s agenda at the moment.
Despite the recent trigger of Article 50 and the weakened pound, nobody really knows for definite the way things will go. UK organisations, in particular, can expect this uncertainty to continue well into 2019, and that’s if the 29th March scheduled ‘leave’ stays on track. The fact is, until the UK actually leave the EU, even the most educated guess is unlikely to be a fully representative forecast of things to come; and as such, leaders need the ability to adapt, think on their feet, and act decisively.
So how can you ensure your current and future c-suite executives are up to the job of making impossible decisions and coming out on top?

Talent management is more important than ever following Brexit

Specialist talent management strategies are essential for any business, but especially so during less certain climates. Talent management isn’t merely the act of attracting and recruiting new talent, but also refers to the development, management, and retention of those currently employed. Our succession based ethos allows us to look at the bigger picture when it comes to talent management, and see the value in utilising the strengths within your top talent to overcome uncertainty.
Read our blog on ‘Brexit: how to adapt and continue to grow your business in the face of uncertainty’, here.

Succession planning is still key

Succession planning is a vital element of talent management and allows a clear path for career progression to be communicated to your organisation’s future executives. Businesses with thorough succession plans also have an advantage in terms of making decisions for the long term as well as the short term, helping you to plan for future unexpected circumstances within the business, with little or no impact, whilst retaining the top talent as they step up into their new positions.

Nurturing and knowledge sharing

Your future c-suite candidates fall into the Millennial generation – the demographic known for their love of collaborative working environments, and within whom knowledge sharing is of high priority when it comes to training and development. Although it’s true we are currently in an uncertain situation, that doesn’t mean your future leaders can’t step up. It may be that some previous experience has equipped them for the task, or that they simply are up for the challenge. Nurturing this ambition with your own experience is a fantastic driver for change and allows for both long and short term tactical decisions to be made.

Transparency

One of the worst decisions a business can make during times of uncertainty is to bury their heads in the sand, act like nothing’s happening, and continue as normal. The only way to move forwards is to face issues with grit, and determination to overcome said issues. Highlighting problems early on, pre-empts panic lower down the chain, and also encourages your teams to work together for the greater good of the business.

Lead them into leading

The best leaders understand that turbulent times are the perfect moments to step back and utilise others. Leaders who enable and create other leaders are catalysts for widespread change, and their influence could be exactly what you need to transform an uninformed decision into a great move for the business.
Is the next generation of leaders stepping up within your organisation? Who is prepared to take on the challenge during less certain times?

At Goodall Brazier, we are driven by a succession based ethos and personal approach to propel the most exceptional talent further and faster along their career pathway, not just find them the next role. Our executive search and selection consultants have a global knowledge of businesses that are currently looking to increase their talent pool of candidates, we also work proactively to uncover new opportunities where an individual may fit.

Contact us for more information.