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Strategic Staffing

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Submitted By kimspot35
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Training and Development to Prepare Future Leaders
Kimberly Farmer
Kimberly.Farmer@live.com
Keller Graduate School of Management
Professor Carden
March 29, 2015
HRM 594

Introduction
This paper aims to show the relationship between development and training and how these concepts can be used to prepare future leaders. I will delve deeper into the differences between training and development and when each concept should be used and for what type of individual. Furthermore, a detailed look into succession planning, the pros and cons and how it can be effective in the long term success of an organization.
Approach
Failure to plan for the future can be devastating to a company. According to a recent study by Egon Zehnder International, “the number of managers available to step into leadership roles will drop dramatically in the coming years.”(Developing Future Leaders: The Importance of Succession Planning | The Glasshammer)
One would guess why that it so? Well, in my opinion, it is because there is a lack of highly trained and developed managers that are ready and able to fill the positions. This means that recruiters are going to have to become more creative to find the talent internally, because hiring from the outside will become more costly and slightly more difficult.
“Historically, companies only considered leadership development a priority for top executives. Market issues are beginning to change this mindset and more and more organizations are starting to think more widely and deeply about their talent.”(“Developing Future Leaders: The Importance of Succession Planning | The Glasshammer”) With that being said, training employees will only be the beginning, not the be all end all to their learning with a company.
In my research of this topic, training and development in conjunction with succession planning. I found that there are plenty of

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