DDI Finds the Leadership Labor Market Remains Competitive, and Workforce Engagement is Tied to Effective Leaders.Business Editors PITTSBURGH--(BUSINESS WIRE)--Aug. 28, 2003 Labor Day-- DDI's Leadership Forecast 2003 Reveals That While Good Leaders Are Still Hard to Find, They Increase Employee Loyalty and Performance Recent layoffs and downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing hasn't impacted the shortage of qualified leadership candidates available to organizations, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Development Dimensions International (DDI ddI and ddC: see AZT. ), in its Leadership Forecast 2003. "Leadership positions have remained difficult to fill, regardless of their necessity," Rich Wellins, Senior Vice President, DDI said. "A strong leader will have a more engaged and committed workforce and therefore, improved business results." DDI, a global human resource consulting Services Provided Human Resource Consulting firms provides advice to their clients regarding the financial and retirement security, health, productivity, and employment relationships of their global workforce. firm specializing in leadership and selection, conducted the Leadership Forecast 2003 earlier this year. The Leadership Forecast is a survey of HR executives, leaders and associates from global organizations. This is DDI's third Leadership Forecast in the last five years. The findings include: -- 78 percent of all respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said it was somewhat or very difficult to find qualified candidates for leadership positions. -- Almost half of the organizations indicated that it will become more difficult or much more difficult to find qualified leadership candidates in the future. -- Work groups with strong leaders are 37 percent more likely to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. work groups with weak leaders -- Employees with strong leaders are 20 percent more loyal than employees with weak leaders. Available for interviews: Rich Wellins, Senior Vice President, DDI For more information about the study before or during the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. holiday, contact: Jennifer Pesci-Kelly, 412-576-6013 jennifer.pesci@ddiworld.com. About DDI Since 1970, Development Dimensions International has worked with some of the world's most successful organizations to achieve superior business results by building engaged, high-performing workforces. For more information go to www.ddiworld.com/aboutddi |
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