Successful business organizations that keep pace with changes in the workforce are likely not operating under the traditional concept of the “corporate ladder,” according to Cathleen Benko, vice chair of Deloitte.
The corporate ladder, in existence since the time of Henry Ford, is being challenged by a stronger, emerging model called the “Corporate Lattice,” Benko said.
Benko, co-author of the book, “The Corporate Lattice,” was the keynote speaker for the Initiative for Managing Services seminar on Talent Management.
Because of the diversity of today’s workforce, Benko presents an ideal workforce that balances high-performance with career-life goals. “Performance and life-fit are not opposing forces,” according to Benko, who added that the lattice is a more than a model but a mindset.
She maintains lattice organizations are more productive and more profitable, because it is not about a single upward track. Lattice models recognize there are a multiple ways to career progression that is more personalized and unique to the individual.
In addition to Benko, the seminar featured other talent management experts including, Dr. William Shepherd, Huntington National Bank, and Fisher faculty, Larry Inks, formerly vice president of organizational leadership and development at Cardinal Health, and Shad Morris, assistant professor of human resources and author of a recent study titled “Six Principles of Effective Global Talent Management” published in MIT’s Sloan Management Review.