Leadership is supreme to ensure the success of any organization and also the individuals within the group. Talking about its role in business, it makes business more organized to create an effective and efficient system for generating productivity and profitability.
Various companies realize the importance of leadership, and so they introduce effective leadership development courses from time-to-time. Leadership development gives individuals an opportunity to expand the capacity to perform efficiently in leadership roles within companies.
A study by Center for Creative Leadership reveals, (source: Wikipedia)
- 65% of organizations with sophisticated leadership development programs drove enhanced business upshot as compared to 6% of organizations without such a program.
- 86% of organizations with effective leadership development program successfully responded to changing marketing conditions, while only 52% organizations with immature programs were able to do so.
So to create effective leaders, you need a leadership development program.
Now, let’s see how it benefits organizations.
Boost Your Productivity
A consistent and focused leadership helps increase the productivity of your workforce. A mature leadership development program trains your managers to understand people working at lower level emotionally. As many experts have suggested that to be effective in leadership roles, it is important to have emotional intelligence, which is critical to the success of a potential leader.
Emotional intelligence teaches how you can use emotions and empathy effectually to motivate, empower, and engage your employees. Leadership training includes emotional intelligence that can hone skills in your managers and leaders.
Sustain Your Potential Employees
In organizations, around 3/4th of employees leave jobs, not because they have fed up with their roles, but when they feel lack of leadership quality in their bosses. It is a fact that potential employees do not think twice when it comes to leaving ineffective leaders. So by investing in leadership development program, you can retail your quality people and save big over recruitment expenses.
Foster Future Leaders
Capable leaders are the pillars of organizations. They lead company to the path of success. So you have to be strategic for developing and nurturing future leaders. Without any strategy, you may mistakenly handover leadership roles to the most forward candidates with dominant personalities, which can create conflicts later and spoil the work environment. So it is your responsibility to identify potential candidates and provide them the required leadership training.
Boost Worker Engagement
To maintain the pace of work, it is important to let your employees know how progressive they are in their roles. So feedbacks are important! It increases employee engagement and creates competitive environment, which compel less productive employees to push themselves to go beyond their assigned targets. Giving time-to-time feedback is one of the crucial skills of a successful leader. A leadership development module teaches effective ways to give feedback to encourage and engage people.
Implement an Impactful Leadership Style
Leadership training helps in implements the most relevant leadership style for your company so that it could deliver the purpose, which is to take company to the path of success. Different leadership styles have their own pros and cons. Thus, a leadership development program helps individuals develop leadership style much-needed for the company.
Make Improved Decisions
Decision making is crucial in business. Your choices impacts company’s bottom-line. So investing in a leadership training can improves the decision-making ability of your leaders. It makes your leaders psychologically strong so that he/she could make informed and intelligent business decisions. Therefore, you can say that speeding on leadership development programing is not expenditure; it is an investment that gives assured returns.
Over to You
To take your business to the next level, you need capable leaders, and for the same you should consider investing in a leadership development program.