BusinessPostCorner.com
No Result
View All Result
Sunday, July 13, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Exit Of Twitter Execs Is Reminder For Need Of A Deep Bench Of Talent

June 3, 2023
in Management
Reading Time: 3 mins read
A A
0
Exit Of Twitter Execs Is Reminder For Need Of A Deep Bench Of Talent
ShareShareShareShareShare

SAN FRANCISCO, CALIFORNIA – OCTOBER 2: The Twitter logo is posted on the exterior of Twitter … [+] headquarters on October 28, 2022 in San Francisco, California. News reports on Friday about the departure of a second senior executive at Twitter who was responsible for content and safety issues is the latest reminder about the importance of having a solid bench of talent at companies and organizations. (Photo by Justin Sullivan/Getty Images)

Getty Images

Twitter recently lost a second senior executive who was responsible for content and safety issues at the social media platform, the Wall Street Journal reported on Friday. The departures are the latest reminder about the importance of having a solid bench of talent at companies and organizations.

Not Alone

When it comes to executive departures, however, Twitter is hardly alone.

“Apple Inc., known for its stability at the top, is facing a new challenge: an unprecedented level of turnover in its executive ranks,” Bloomberg said in March.

“Over a stretch that began in the second half of 2022, Apple has lost about a dozen high-ranking executives. Most of these people carried the title of vice president, which is just below the senior vice president level that reports to Chief Executive Officer Tim Cook. They are some of the most important figures at Apple, responsible for day-to-day operation of many core functions.”

Then of course, there are the vacancies in key positions throughout organizations caused by the lingering efforts of the Great Resignation. Not to mention the job openings created by remote workers who refuse to follow corporate mandates that they return to brick and mortar offices.

Continued Low Levels Of Confidence

SAN FRANCISCO, CALIFORNIA – OCTOBER 2: The Twitter logo is posted on the exterior of Twitter … [+] headquarters on October 28, 2022 in San Francisco, California. Elon Musk closed the deal to purchase social media platform Twitter for $44 billion and has already fired several top executives. (Photo by Justin Sullivan/Getty Images)

Getty Images

Only 12% of companies report confidence in the strength of their bench, according to DDI’s 2023 Global Leadership Forecast Report. That’s hardly an improvement over 2021, which showed only 11% had confidence in their bench of leaders.

As I wrote then, DDI said the corporate leadership deficit crisis could “be traced to a failure by companies to provide leadership development and transition training for newly hired and current executives…the highest global average rating for bench strength was 18% in 2011. It has been on the decline ever since.”

Organizations without a strong team of people to fill planned or unexpected vacancies can put themselves at greater risk for a crisis. The lack of talent can create questions a company’s ability to live up to its brand and fulfill its commitment to consumers and stakeholders.

Benefits

There are other benefits to having a good ‘farm team’ of executives.

According to DDI’s 2023 report, compared to businesses with weak benches, companies that report strong benches are:

  • Ten times more likely to have employees rate their leader quality as “very good” or “excellent.”
  • Six times more likely to be capable of engaging and retaining top talent.
  • Five times more likely to be able to prevent employee burnout.
  • Three times more likely to be among financially top-performing organizations.

Secret For Success

What’s the secret to having a strong leadership bench?

“Companies with a strong bench invest heavily in identifying and developing high potential talent with diverse capabilities, enabling the organization to be more agile meeting business challenges,” DDI’s report concluded.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Ageism In Public Discourse About Biden’s Reelection

Next Post

Qatar Airways won’t include first class on its next-gen aircraft because it’s pointless, CEO says

Next Post
Qatar Airways won’t include first class on its next-gen aircraft because it’s pointless, CEO says

Qatar Airways won’t include first class on its next-gen aircraft because it’s pointless, CEO says

The rising potential of advanced primary care as a benefits strategy

The rising potential of advanced primary care as a benefits strategy

July 9, 2025
Plan for electricity costs based on region dropped

Plan for electricity costs based on region dropped

July 10, 2025
Congress passes bill backed by AICPA offering tax filing relief after natural disasters

Congress passes bill backed by AICPA offering tax filing relief after natural disasters

July 11, 2025
Apple loses its top AI models executive to Meta’s hiring spree

Apple loses its top AI models executive to Meta’s hiring spree

July 7, 2025
S&P sees Trump tax law hurting state and hospital balance sheets

S&P sees Trump tax law hurting state and hospital balance sheets

July 7, 2025
7 best CRMs for fitness businesses in 2025

7 best CRMs for fitness businesses in 2025

July 8, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Families invited to enjoy annual Children’s Day in Jersey

Families invited to enjoy annual Children’s Day in Jersey

July 13, 2025
Manufacturers plead for US tariff clarity before copper stockpiles dwindle

Manufacturers plead for US tariff clarity before copper stockpiles dwindle

July 13, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!