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Innovators Unite to Motivate Future Leaders and Provide Exposure to Rigorous Leadership Evaluation
ARLINGTON, Va., June 9, 2014 /PRNewswire/ -- CEB (NYSE: CEB), the leading member-based advisory company, today announced its commitment to identifying the next generation of leaders in India by supporting The Economic Times Young Leaders initiative. As the Knowledge Partner, CEB will leverage its extensive talent management capabilities to provide objective insight into the leadership skills and potential of each applicant.
"Surfacing next generation leaders has never been more critical for business survival; CEB research shows companies with strong leaders generate double the revenue and profit growth as those with a weaker leadership bench strength," said Y. V. Lakshminarayan Pandit, India managing director, CEB. "However, India has an exceptionally strong pool of emerging leaders; around 50 percent of professionals have the potential to be effective in this capacity. Organizations need to invest in identifying top talent and developing their potential to ensure they have the right talent to drive future productivity, innovation and performance in India."
Established in 2011, the ETYL program gives national recognition to top young managers as they compete for a place in ETYLs coveted ranking of India's most promising leaders. Candidates between the ages of 26 and 32 years undergo a rigorous four-stage application process that mirrors the leadership selection procedures used in the workplace today, including completion of industry-leading SHL Talent Measurement™ online assessments, participation in Assessment Centers, along with panel and one-to-one interviews with CEOs from leading global organizations.
Ravi Dhariwal, CEO Bennett Coleman and Company, the parent company of The Economic Times commented, "The Economic Times Young Leaders is a career accelerator for young corporate managers. With process-rigor provided by CEB, it has fast become the benchmark for young leadership in Indian industry. We've received a record number of individual applications and corporate nominations this year. Competition is so fierce that, statistically speaking, it is tougher to make the ETYL list today than it is to get into the premier Indian Institutes of Management."
Pandit continued: "We are honored to work with ETYL to give young talent the opportunity to network with the country's high-flyers, providing valuable exposure to the application and selection processes to secure a top leadership position. It's a privilege to help young leaders explore their own leadership strengths at this early stage in their careers."
CEB's talent management offerings help corporate leaders to transform business performance by equipping corporate leaders to maximize talent investments by applying the same level of rigor and discipline to talent decisions as they do other corporate assets. Transforming business performance globally, these offerings, which include the industry's most robust talent measurement platform, span the entire employee lifecycle from candidate identification through to leadership development and succession management.
CEB, the leading member-based advisory company, equips more than 10,000 organizations around the globe with insights, tools, and actionable solutions to transform enterprise performance. By combining advanced research and analytics with best practices from member companies, CEB helps leaders realize outsized returns by more effectively managing talent, information, customers, and risk. Member companies include nearly 90% of the Fortune 500, more than 75% of the Dow Jones Asian Titans, and 85% of the FTSE 100. More at cebglobal.com.
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