Tend Your Talent


Developing the next generation of leadership is how businesses can stay ahead of the curve, according to a finding by a recent survey. The Top Companies for Leaders Study sought to determine how actively CEOs get involved in bringing along the next generation of leaders. It found 85% of the best 20 companies were holding their leaders accountable for developing their direct reports, compared with less than half (46% ) of other companies. Respondents said education, assignment-based development and mentoring were all good, but would work only if senior leadership was accountable. In fact, more than half of the top 20 companies earmarked between 6% and 15% of incentive pay toward leadership development, and about a third allocated 16% or more.

The study, sponsored by human resources outsourcer and consultant Hewitt Associates and the Human Resource Planning Society, was based on 373 U.S. organizations with average revenue of approximately $8.3 billion and average employee size of nearly 30,000. Organizations that offer quality leadership development programs increase their chances for long-term success, says Walt Cleaver of the Human Resource Planning Society.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.