Promoting a new manager from within is arguably the single most critical strategic decision an organization makes. Consider the economic implications as stated by Harvard Business Review:

“When companies can increase their number of talented managers and double the rate of engaged employees, they achieve, on average, 147% higher earnings per share than their competition.”

Simply put, competent and engaged managers are a lead indicator of long-term profitability! Building an effective talent management pipeline starts with talent spotting skills.