Leadership assessments provide data, analysis, and guidance that can guide you as you manage the upper echelons of your organization, from recruitment right through to succession. They help ascertain each leader’s potential, growth areas, and current strengths and attributes.
This knowledge equips companies to improve their leadership, leading to positive organizational transformation. While leadership development programs are common, assessment programs remain undervalued and underutilized.
Most executives are familiar with leadership development programs. But what do leadership assessment programs look like?
These assessments use objective analysis to understand the capabilities, character, and skills of an executive team. Qualified third-party analysts, like the executive recruitment partners at Stanton Chase, analyze competencies, behaviors, and readiness in both current and future leaders.
Assessors leverage competency-based interviews, extensive referencing, case studies, and psychometric diagnostics to gather insights in an unbiased manner. Good assessments also come with post-assessment solutions to improve development. At Stanton Chase, we offer leadership advisory services that include key components, such as:
These areas and others like them are important to assess from time to time. This ensures you’ve optimized your company’s leadership for success.
There are many advantages that come from thorough, unbiased, third-party leadership assessments.
For instance, this can help create roadmaps to develop internal talent and address skill gaps to prepare them for future leadership roles. A recent Leadership Transitions Report from DDI found that nearly 40% of organizations with high-quality assessment and development programs for their C-suites maintain “a strong bench of leaders” who are ready to step into critical roles when needed.
Other advantages of leadership assessment include:
While they have the potential to be effective, as with most C-suite initiatives, you should always hire qualified practitioners who can execute leadership assessments the right way.
You should always hire qualified practitioners who can execute leadership assessments the right way.
At Stanton Chase, we offer sophisticated leadership assessments that bring the experience of a global team to the table. We tailor our assessments to each client we work with, and our experienced assessors use modern psychometric tools and unbiased evaluations to assess leadership talent and capabilities.
Once complete, we present our assessments in simple, visual reports. These help our clients make informed, data-driven decisions.
If you’re aware of the importance of leadership assessments, but you know your organization is coming up short in that area, reach out. Our team has the capabilities, experience, training, and tools to provide a high-quality evaluation of your company’s top brass. We can provide the insights and analysis required to help you engage in strategic executive recruitment, organizational change, leadership development, and succession planning.
That way, you can optimize your C-suite with both an A-list starting line-up and a deep bench as you prepare to tackle whatever the future may hold.
Kevin McGonigle is a Director for Stanton Chase’s South Central region. Over his three-decade-long career, he has garnered extensive experience across various industries, including telecommunications, high tech, financial services, hospitality, consumer goods, and industrial. His career spans five continents and includes prominent Fortune 500 companies, private equity firms, and family-controlled businesses.
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