Media industry accused of poor talent management and succession planning
A study conducted by talent agency the Lighthouse Company has found that the media industry is suffering through a lack of succession management and leadership planning.
Their report, published today, found that 37% of senior executives believe the industry pays mere lip service to caring for its employees.
Nevertheless a majority, 59%, retain optimism for future growth despite staffing issues bedeviling the industry with fully 69% of industry heavyweights believing that the sector is ineffective at dealing with poorly performing staff.
A paltry 8% of respondents agreed that the industry was giving its present generation of managers the right training to become the next generation of leaders during candid interviews.
Even fewer, a barrel scraping 7%, of executives believed that staff were fully loyal to their industry.
Lighthouse founder Kathleen Saxton said: “There is a lack of professional fulfilment within the industry. People feel that they aren't valued by their business, which leads to a lack of loyalty amongst staff at all levels of a business. Flawed management is the root of the problem.
“Businesses are leaving themselves exposed to risk, especially as there is an evident lack of succession management and leadership planning, which we would not expect to find in other professional service industries.”
Twitter, Google, Channel 4 and Facebook were revealed to be the four most desirable companies to work for in the media industry.