Vendor Rolls Out New Leadership Development Tool

Seattle — Nov. 23

A Corporate Leadership Council survey of more than 8,000 leaders identified the practice of creating and sharing custom leadership development plans as the most effective strategy for building the talent pipeline.

RealTime Performance, a provider of leadership assessment and development tools, announced the availability of Inspire, a web-based service for employees to build and share leadership development plans.

The tool is designed to enable employees to build, drive and track their own leadership development plan.

Although many companies require leaders to create development plans annually, few have a system in place to track the execution of plans. Inspire is designed to provide employees tools and resources to gather feedback, build a development plan, share the plan with their manager and have discussions about career and professional development.

“Putting a blank form in front of employees and asking them to email it to HR by a certain date just isn’t very inspiring or motivational,” said Sean Murray, CEO of RealTime Performance.

More and more companies are tying at least a percentage of executive pay to talent development, requiring them to report on the leadership bench strength of their team and provide detailed information on the quality and completeness of employee development plans. Inspire provides these organizations data on plan completion rates and identifies trends in popular activities and areas for improvement.

Source: RealTime Performance