HR teams are shifting their talent strategies to focus on internal talent development and building a high-performance culture amidst economic uncertainty and AI-related changes.
Succession management remains crucial, with only 20% of HR leaders feeling prepared for critical leadership roles, as internal candidates could fill only 49% of these positions immediately.
86% of HR professionals anticipate the need for developing new leadership skills and capabilities in the next five years, but measuring success is a challenge in leadership development programs.
While online learning libraries have the lowest ROI rating, assessments for understanding leaders' strengths and development needs tend to provide higher returns. Structured succession systems are recommended for successful internal promotions.