In Chief Executive
magazine's "40 Best Companies for Leaders," a feature in its January/February 2013 issue, P&G tops the list of best companies for leadership development, for the second year in a row.
In the article, Bob McDonald, P&G's chairman, president and CEO, talks about the company’s long-standing reputation for building good leaders. According to the magazine, “Bob McDonald, its CEO, attributes its longevity to close attention to leadership development at all levels of the company – not just the top ranks.”
McDonald says the company screens over a half million candidates globally each year, and hires less than 1 percent. He continued to explain to Chief Executive
, "P&G leverages the scale of their unique organization structure to help employees to learn and grow. This often occurs across functional disciplines, where leaders get experience in every facet of the business—as well as wide-ranging geographies and markets."
looks at a variety of criteria when choosing a best company, including: 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.