Outplacement specialists DBM are the latest to predict a frenzy of job-shifting in the USA with a poll suggesting that six out of ten US firms have implemented executive coaching programmes in an effort to retain their top talent.
As organizations prepare for the predicted mass exodus of baby boomers in the coming years, they see a growing need to prepare the next generation of executives to step into vacated senior leadership roles. DBM found 66 percent of those polled have implemented executive coaching programs in recent years for "high potential grooming" and "performance enhancement."
Significantly, the survey also found that the biggest challenge for companies in implementing executive coaching programs is the lack of time to focus on anything but managing current business demands.