Leadership Key To Success

Corporate executives say that the top three workforce concerns today are leadership development, pay for performance, and training and development. Indeed, more than 76% of the 2,000 executives who participated in the survey conducted by Watson Wyatt Worldwide identified poor leadership as the primary cause of business failures. "To win in the global economy, companies must find new ways to foster leadership and regain employee commitment," says George Bailey, global director of the human capital group, Watson Wyatt. An even higher percentage, 87%, said that they believed that increased worker knowledge and skills would improve financial results. Nearly 80% added that better use of performance-based pay would help implement business strategy, improve worker productivity and attract, develop and retain an effective workforce.