If a company’s culture lacks purpose in achievement, it is hard to maintain talented leaders. Leaders may get some motivation from monetary and other rewards. However, their willingness to stay in a company may have more to do with finding purpose. Money may not be enough. Leaders lacking purpose can be expected to jump ship.
This important point is made quite clear in a recent article from AMEinfo.com which focuses on a press release from Deloitte & Touche (M.E.) that claims there is an upcoming leadership shortage around the world. Deloitte’s new survey series Talent Edge 2020 points out that 56% of surveyed executives are forecasting leadership shortages in the near future. It’s a fascinating look at a problem that needs to be dealt with sooner rather than later.