Why Efforts Toward Leadership Development Should Be Continued?
September 29, 2021
Why is leadership development so important? It is a terrific opportunity for any firm to make use of its industry's competitive advantages. Strategic development of a company’s workforce will build strong leaders who in turn drive productivity and business performance. Here are a few reasons why ongoing efforts to build leadership are crucial.
Mends skill gaps
The Association for Talent Development (ATD) discovered that many people, particularly new graduates, are deficient in key soft skills necessary for the professional setting. ATD observed the most significant gaps in the following competencies:
- communication/interpersonal competencies
- management skills
- abilities to solve problems
- leadership skills
As the magnitude of skill gap issues is getting wider, companies recognize the urge to close the gaps. An ideal method is to construct a leadership development program as a medium through which the staff may develop their skills and knowledge. That way individuals’ skills can be upgraded to catch up with the growing demands of companies.
Enable greater innovation
Nowadays leaders not only rely on the weight of their position to motivate productivity but also focus on encouraging the employees to believe in a greater and better view in order to bring transformation and innovation to their firms. Good leadership programs will develop leaders who know how to function as mentors and coaches to motivate their staff to think big and innovate.
The leadership development effort can enable you to discover existing staff who have the potential to be outstanding leaders when the chance is presented instead of looking for external recruits. Fostering the ability to identify strong candidates for leadership positions and other opportunities for advancement is a crucial factor for any leadership program. Effective leadership programs will boost employee loyalty and business performance by encouraging growth from your existing staff.
Bring satisfaction for employees
Effective leadership programs build effective leaders who can engage teams through sense of purpose and recognition. A leadership style suited to the group setting or the working culture makes people feel more connected to the organization, fostering positive employee relationships. These in turn contribute to greater employee satisfaction and enhance employees’ productivity.
Lead to business success
The greater the leaders, the more success the company will get. A growth-oriented manager motivates staff to reach objectives and encourages them to attain improved performance. Rather than allowing managers or other superiors to run their own authoritarian regimes, successful leadership programs ensure that employees have the necessary skills to lead effectively throughout their careers, which can increase personal and company-level engagement and the achievement of objectives.
Talentnet is Vietnam’s leading human resources consultant. With 13 years of expertise in assisting companies to grow from within and developing long-term human capital solutions, we are confident to provide you with high-quality strategies on leadership development through advice on the pivotal rewards-related function for talent and leaders motivation. Contact us now for the advice!