Dr. Jenna Filipkowski and J.P. Donlon

Here are the top-10 large, private companies for leadership development from the 2014 Best Companies for Leaders

Each year since 2005, Chief Executive has sought to identify those companies that excel in leadership development. In partnership with Chally Group Worldwide, a Dayton, Ohio-based sales and leadership talent-management firm, and with the Human Capital Institute, we canvas world-class companies through a questionnaire and interviews in order to learn what companies are doing to identify and nurture people three or more levels down the chain from the CEO.

For both public and private companies, difficulty balancing long-term and short-term business requirements continues to be the No. 1 challenge in nurturing leaders.

While the top skills for effective leadership remain the same as last year’s, “adaptability to change” ranked higher, underscoring the importance of being able to navigate today’s ever-changing business environment.

As a potential pool of future leadership talent, Millennials represent something of a recruiting conundrum. Companies recognize the importance of attracting this new generation of workers, but they struggle to accommodate their needs.