“Start with the premise that the role of leadership is to develope more leaders, not more followers.” – Ralph Nader
Management is performing things in the right way, but the leader is doing the right things. A great leader is not necessarily one who does great things but pushes people to do the greatest things. The leader takes people to where they want to go. A great leader’s trait is to take people where they don’t want to go but ought to be. Wonder how these efficient people in our organization exist? – leadership development program.
Organizations are investing in leadership development programs to transmute into leaders and perform better than those who don’t.
A leadership development program plays a role in an organization’s lasting success. The organization understands the importance of investing in their people to develop leadership expertise and get maximum value from their skills and prepare the ‘Generation of Next leaders.’
The main goal of the leadership development program is to create leaders who think out of the box. While a person may shine in their current position, well-rounded knowledge of the organization is needed to succeed in a high leadership position. Organizations will eventually turn to these programs when looking for future leaders.
“Average leaders raise the bar of themselves, a good leader raises the bar for others, and great leader inspires others to raise their own bar.” – Rosalynn Carter
Developing leaders requires years and organizations to begin planning what type of skillful leaders they require to fill the succession line if the current leader switches. Organizations cannot afford to miss the opportunity to frame future leaders. The cost of weak leadership can be felt through employees’ lack of engagement, failed tasks, and unsatisfactory clients.
Elements of Leadership Development Program
It is highly beneficial to train existing employees into tomorrow leaders through a leadership development program. It gives companies a high opportunity chances to turn efficient employees into future leaders. Few elements of leadership development program comprised of:
Job Rotation – rotate and promote clients to different fields of working to develop the ability to develop skills of facing challenges.
Assessments – leadership development programs consist of different assignments to induce growth by motivating employees to develop skills that stand them from others. It will increase self-confidence, greater commitment, and enhanced skills set.
Mentoring – In this expert, that are more accomplished assist the rookies in developing skills and matching experienced employees’ level.
Experts Advice – professionals have years of experience that need to be inculcated in young workers, even if the seniors have retired. Consider inviting them again by organizing a leadership development program and allow them to work with experienced leaders.
Reasons to Invest in Leadership Development Programs
Here are a few of just myriad reasons to invest in the leadership development program.
Improve Your Profit
Developing future leaders in your organization reduces cost, minimizes resources, drives new high-scale profit, and improves the client’s relationship. An organization that invests in leadership development program deliver result with five times higher profit than companies who focus less on capital.
Attract and Retain Talent
A leadership development program increases employee engagement and reduces the cost associated with turnover. Great leaders hire and get inspired by great leaders. When you give your employee a role that contributes to your company’s advantage, they take it as pride and perform best with loyalty; developing your own employees is cost-effective than bringing newbies and training them with a start. Invest in your in-house team and appreciate their hard work.
Improve Organizational Culture
You invest in your employees. They will invest in you (business). Investing in a leadership development program conveys a message to your employees that you care about them and their well-being. This will be built a sense in them that you think of them and wanted to see them have better leadership qualities. This will inspire them to perform better and meet the expectation of your team lead.
The leadership development program includes mentoring and training of employees. These programs will help to transmute your company from a better to a great place to work. A leadership development program also reinforces a company’s vision and mission by setting a strong example.
One More Thing
Good leadership is inspiring, influencing, and inspire others to be the same.
“the great leader is the one who is intellect enough to pick a skillful employee to do what he wants to do and has moderation to keep from meddlesome with them when they are doing it” – Theodore Roosevelt