Opportunities for advancement: "Excel instead of excellence": Three factors determine who makes it to the top in German companies
Many companies always promote the same types of people and leave the workforce frustrated. Experts explain the key mechanisms - and what needs to change.
A growing number of covert searches for top executives by recruitment consultants indicate that supervisory boards and entrepreneurs are doubting their top leaders and seeking replacements. According to Nicolas von Rosty, Germany head of Heidrick & Struggles, many managers are hesitant to make radical decisions due to crises, trade conflicts, and artificial intelligence.
The consequences of poor leadership can be catastrophic, leading to a loss of productivity, innovation, and talent. In Germany, the common practice of promoting from within, known as "Kaminkarriere", is being questioned as it prioritizes loyalty and seniority over performance and diversity.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
