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 Exclusively for myCCL Premium Subscribers:
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Did you know ...
That finance managers lack leadership skills needed for future success?
A CCL survey of 1,392 finance managers from the United States, India and Singapore compared the current leadership skills and perspectives with those that will be critical for success over the next five years. The results indicated that finance managers have a leadership gap in six areas:
- Leading people.
- Inspiring commitment.
- Strategic planning.
- Managing change.
- Employee development.
- Balancing personal life and work.
CCL's Jean Leslie was the lead investigator of the research that looked to better understand current skill levels and compare them with future needs. Leslie and her colleagues surveyed 2,200 leaders in the finance and IT sectors. They were asked to rate the importance of 20 leadership competencies in two ways: how important each is for success in their organization right now and how important each skill will be for success over the next 5 years.
The results showed critical importance both now and in the future for all leaders to be effective in leading people, strategic planning, managing change, inspiring commitment, resourcefulness, doing whatever it takes and being a quick learner. Managers in the financial services industry, however, rated building and mending relationships, putting people at ease, balancing personal life and work and self-awareness higher than managers in the IT sector.
Managers in the financial sector also perceived themselves to be more skilled in all 20 areas than did the IT managers.
- Learn more about the leadership gap complete study results.
- Want to know if there is a leadership gap in your organization? Discover the Leadership Gap Indicator, CCL's newest survey tool for assessing and understanding your organization's leadership capacity.
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