P&G Ranked #1 for Leadership Development
Chief Executive Magazine has named P&G the best overall company for leadership development in its list of the “40 Best Companies for Leaders,” a feature in its January/February 2012 issue. This is the second time we’ve received this award in the seven years this ranking has existed.
Chief Executive looks at a variety of criteria when choosing a best company: the existence of a formal development program; the amount of time a CEO is involved; the percentage of leaders recruited internally; the strength of its recruiting program and the caliber of talent; and the long-term growth of market capitalization. P&G excelled in these areas, and the details of this recognition are included in this story.
In addition to this recognition, in November P&G once again earned a top spot on Fortune Magazine’s list of Global Top Companies for Leaders. P&G has been in the top three for the past three years, and P&G has been in the top 10 for all five years we’ve participated in the study.
For Fortune’s list, an expert panel of independent judges selected and ranked winners based on criteria including strength of leadership practices and culture, examples of leader development on a global scale, impact of leadership in communities in which companies operate, business performance and company reputation. Companies that made the list also demonstrated an ability to focus on talent and developing leaders in a manner that is aligned with business goals. To see Fortune’s full story, click here.
These are just two of several recognitions P&G has received recently; others include:
- World’s Most Admired Companies – Fortune
- World’s Most Respected Companies – Barron’s
- The World’s Most Attractive Employers – Universum
- Top MBA Employers – Fortune
- Top Companies for Executive Women – National Association for Executive Women
- Top Companies for Recruitment and Retention – Diversity, Inc.
- Best Place to Work – Glassdoor.com
Very few companies receive such highly consistent recognition for their leadership development efforts. P&G’s approach to leadership development is unique and is consistently recognized as among the very best, because:
1. Leadership development is a business strategy at P&G.
2. We build from within, and therefore, invest in getting the best talent at entry level.
3. We identify a global, diverse mix of talent and develop them through early responsibility and challenging assignments.
4. We leverage the scale of our organization structure to provide opportunities for leaders to grow by increasing their breadth of experience and depth of expertise -- across categories, geographies, functions and markets.
5. We use end-to-end integrated people and career development systems and a proven approach to develop employees through experiences, on-the-job training and coaching.
6. We expect maangers to build the organization in addition to building the business, so leaders at every level actively recruit, teach, mentor and coach.
7. We nurture a culture that fosters employee development, while enabling employees to be responsible for their own continual learning and personal growth.
Each of these capabilities honors and further strengthens P&G’s competitive position as an Employer of Choice. These reflect not only the quality of P&G’s leadership development programs, but also the caliber of P&G people at every level and in every part of our organization.