Risk of Promoting Wrong People

Abstract

Despite the job market doing poorly and supply far exceeding demand, finding the right talent continues to be a problem As the challenges keep mounting you need even better talent to cope with these challenges effectively. Talent quickly becomes the limiting constraint for many high growth companies And the biggest demand is for management and leadership positions One of the common strategies Sri Lankan companies adopt is to promote from within their existing ranks and then backfill with new, entry level talent It's a good strategy when it works, but too often you see companies promoting the wrong people into the wrong roles and suffering in the long run as a result.