25 Finance & HR Leaders and Ram Charan Author Best Practice Report on Impact of COVID-19 Pandemic on Promotion and Success of New Managers

Key Takeaway: Manager Talent is Crucial for Business Performance — and the Pandemic Proves It

AchieveNEXT, the leading provider of Peer Advisory Networks and Talent Development and Performance Solutions for middle-market leaders, their teams and enterprises, has released a best practice report to help companies better identify new managers and build a more robust manager pipeline.

The report, titled Helping Managers Succeed, is a collaborative effort between a group of 25 finance and HR leaders from AchieveNEXT’s CFO and CHRO Alliance Peer Networks, accompanied by commentary from noted business leader and author Ram Charan.

The report includes first-hand insights, diverse experiences, business case studies, and best practices from finance and HR leaders on the front line of leadership development. 

“During the first quarter of 2021, our peer discussions were focused on growth strategies and how to drive top-line revenue,” said Greg Wood, Managing Director of AchieveNEXT’s Member Networks. “We uncovered a common theme: to achieve growth goals, enterprises need the right people in the right seats. As we moved into Q2 2021, finance and HR leaders have continued to share their concerns about whether or not their new managers are equipped to step up into first-time leadership roles, especially as businesses move toward post-pandemic new norms. It became clear that we needed to turn to our peer community to gather best practices and share them with others.”

This best practice report focuses on six primary areas emerging and mid-market enterprises should consider when building a manager pipeline: Skills, talent pooling, pathways to success, retaining top performers, managing your talent pipeline, and becoming a better boss. 

“When we decided on this topic of helping new managers succeed in order for companies to succeed, I turned to my good friend, Ram Charan, for his insights,” said Thomas A. Stewart, AchieveNEXT Chief Knowledge Officer. “That is when we talked about this concept of taking a top individual performer and now expecting them to have the same success leading a top-performing team — these are clearly different skill sets. Helping high performers succeed will benefit the middle market as a whole.”

Download and read the report on the AchieveNEXT website.

About AchieveNEXT

Powered by the unique combination of Peer Learning Networks and integrated Talent Development and Performance Solutions, AchieveNEXT is a learning & development ecosystem that provides individuals, teams, and enterprises with benchmarking, insights, and solutions for next-level growth.

We enable people to build professional networks and benchmark with trusted peers; exchange practical insights and best practices; and access peer-vetted performance solutions — all to strengthen relationships and to empower growth. Learn more at www.achievenext.com.

Source: AchieveNEXT