Developing future leaders is a vital component within talent management and development. One of the reasons for the same is that the financial downturn has slowed retirements meaning that younger talent has been slower to emerge from the shadow of the previous generation. Investments deemed unnecessary such as overseas assignments have been curtailed. This has led to lowered intensity and frequency of management trainingprogrammes for younger members. In order to rectify this current situation, companies must seek to develop corporate cultures that value growth and learning. Leaders must be tapped at the bud and their training to commence from earlier days once identified. Promotion from within the ranks is a strategy that has tended to work and also acts as a motivator for existing employees.

Source: http://www.forbes.com/sites/jackzenger/2016/09/22/opening-the-leadership-pipeline-3-vital-steps-you-should-be-taking-today/#48350e851761