SURVEY: Firms Must Build Their Benches

Ice hockey player in bench area watching actionIt's that or watch your bright new stars bolt.

By Art Kuesel
The Rosenberg MAP Survey

In 2015, I saw a moderate shift in mindset from that of “let’s help everyone develop themselves” to “let’s target our resources at our high potentials.” Firms worked through their fears of offending lifetime managers as they saw high potentials depart at the fastest pace in recent memory.

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Only a handful of firms started the year with formal “path to partner” programs while many more had them by the close of the year. And MPs reported that the biggest gap in skill set for partner potentials continued to be business development.