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The study is the largest of its kind and contains data from over 15,000 leaders and 2,102 human resource professionals. These leaders are from over 1,740 organizations across over 24 industries globally.
Fremont, CA: An unprecedented year of unanticipated change and a lack of confidence in current and future leadership could result in retention problems within the next year. The lack of confidence is being boosted by burnout and a sense of constant crisis, as per DDI's Global Leadership Forecast 2021.
These are only two of the findings from the study, which was conducted by DDI and HR analyst Josh Bersin. The study is the largest of its kind and contains data from over 15,000 leaders and 2,102 human resource professionals. These leaders are from over 1,740 organizations across over 24 industries globally. The survey started in February 2020 and continued through July 2020, capturing many of the changes in leadership that happened before and during the pandemic.
"There are clear signs that the pandemic will lead to serious retention issues because leaders who are feeling burnout are nearly four times more likely to leave their positions within the next year," stated Stephanie Neal, director of DDI's Center for Analytics and Behavioral Research. "This could cause a lasting impact on current and future leaders, since 86 percent of high-potential employees are also feeling burnout, and they're twice as likely to leave compared to their peers. There's reason to be concerned about the future of leadership across the board."
"We're in an extremely unpredictable economic climate that's going to require leaders to be able to quickly adapt and embrace change if they hope to survive," Bersin stated. "CHROs are already preparing for continued uncertainty by revamping management training to address current workforce challenges while developing and upskilling employees and exploring flexible work arrangements. They're also focusing on creating more diverse, equitable workplaces and strengthening leadership benches by exploring employees' leadership aspirations and potential."