On the other hand, some of your employees may not have the requisite skills and training to be promoted into leadership roles on the spot. So, how can you ensure that your business and its current personnel are ready to expand? Leadership training for everyone is the answer.
Investing in leadership and management courses goes beyond simply refreshing and resetting the thinking of your current leaders. Your employees will have a better understanding of their current jobs and become excellent leaders in the future.
The success of your own leadership training will ultimately depend on how it is conducted and the follow-up long after the course has ended. After all, you want to make sure that the next generation of the company you're investing in is ready to take over the reins.
Here are 7 reasons that prove that well-implemented leadership development programmes boost individual and organisational performance and growth.
- Better decision makingSelf-awareness and becoming more emotionally aware with respect to others are at the heart of effective professional development training. This has a direct impact on the quality and speed with which decisions are made, particularly in an unpredictable and changing environment. When the context in which decisions must be made is unknown, leaders must consider not only data but also unseen factors, such as the emotions of concerned stakeholders, which leads to buy-in, support and other positive behaviours such as stretching to reach goals.Leaders who are more self-aware and emotionally attuned to a variety of stakeholders are better able to recognise and factor in these hidden elements, resulting in more robust and effective decisions. They are also more likely to be able to make decisions quickly since they are constantly perceiving the environment and combining that with facts and knowledge.
- Clear visionGood leadership development and communication skills training provide space and resources for leaders to take a step back from the daily grind and consider where they want to go as individuals and where they want to take the business and organisation in the long run. This helps them in clarifying their vision, identifying which aspects are most stimulating and communicating it to others across the organisation in effective ways through stories, personal examples and other means.
- Increased productivityYour company's production will rise as a result of excellent leadership training. Those trained in leadership can guide your employees so that everyone, including the leaders, performs at or above expectations.In the event of a shortfall, your employees will be able to analyse the situation, manage the situation and propose appropriate solutions. Work gets done faster and challenges get resolved more quickly when your team has the attributes of an amazing leader, making for a more enjoyable work environment for everyone.
- Nurtures future leadersWhen it comes to training and nurturing future leaders, you must be strategic. Leadership positions are usually given to the most forward candidates with strong personalities when you don’t have a strategy in place. A combination of apt qualities and training makes for effective leadership. Identify people with the necessary skills and equip them with specialised leadership and management courses. Nurturing future leaders helps succession planning and provides employees with career paths, which increases employee retention.
- Increased employee engagementsWe all want to know how we're doing in our jobs, and we want praise when it's deserved and given constructive feedback when it's needed. In fact, 43% of highly involved employees receive feedback at least once a week, compared to only 18% of low-engaged employees. Successful leaders can provide feedback. You can teach effective techniques to deliver feedback to motivate and improve the skill level of your staff through leadership training.
- Growth mindsetWhen it comes to their professions, people often have one of two mindsets: fixed or growth-oriented. Fixed mindsets believe that core attributes are constant and unchangeable and that talent is sufficient for success.However, a growth mindset employee recognises that even the most basic skills can be enhanced with devotion and hard work. Employees will learn new ways of thinking and develop a growth mindset if they take the correct leadership training course. It will also show them that even the most basic of abilities can be polished into a great talent.
- Improved financial performanceIn the long run, consistent investment in leadership development has a significant impact on financial performance and the bottom line of businesses. Developing leaders in your company lower costs generate new revenue streams and boosts customer satisfaction.According to studies, organisations that invest in soft skills training courses have stock market returns that are five times higher than companies that focus less on human resources.
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