Helping your team establish leadership professional development plans and opportunities enables them to take ownership of their personal development—whether that’s through mentoring, skills assessment programs, online learning, or in-house development.
These leadership development techniques can help you nurture the next generation of star performers and develop future company leadership teams. They also present an opportunity to develop an individual’s ability to contribute to the company’s revenue and performance overall.
Employees seeking professional development opportunities will expect feedback and answers to questions like:
If you can answer these questions and mark the learning milestones of your talent, you will retain and develop your employees into leaders over time. That’s good news for getting succession planning right.
A leadership development program is a comprehensive plan that supports the growth of an employee into a predetermined leadership role. This strategy cultivates the specific qualities for serving the leadership position within the company.
An effective leadership development program actively encourages employee growth in line with larger company objectives and is key to long-term organizational success.
Follow this simple 5-step process to build the framework for an effective leadership development program.
Outline a set of specific qualities and skills that will best serve the role you want to develop. Make sure it’s comprehensive and helps candidates contribute to achieving your organization’s goals.
Evaluate your employees’ strengths and weaknesses in the context of the desired leadership role. Keep a list of any employees whose skill set already play into the potential leadership role.
Many components of your leadership development plan will be unique to the employee completing it and the leadership role they’re preparing for. However, you should have a basic set of guidelines in place for posterity’s sake, to measure growth, and to chart progress over time. Your leadership plan may change over time, but some core tenets may remain. It’s always good practice to see how your roles and requirements for positions change with time to meet the demands of your company, as well as your industry’s evolution.
Development doesn’t stop when an employee completes the program. It’s important to routinely put the employee in situations to hone their skills and give them opportunities for applying said skills.
Keep tabs on employees who complete the leadership development program. Track their promotions and gather feedback on how well they display and further develop the leadership qualities they were trained for.
Leadership development programs take time and effort. HR software that can tell you who is performing, who was recently promoted, and who exceeds expectations will help you keep track of star performers.
When you’re part of a small business, it’s easy to feel like every day is a sprint to the finish line. A breakneck race to complete all the tasks you have planned for the day—plus a hundred other small fires to extinguish. But, if your business is going to flourish in the long term, then […]
How do you make business decisions at your company? If gut instinct is your guiding light, then it’s pretty likely that your business won’t be living up to its potential. And if you’re using data, are you using it in the right way? Or is more time being spent on data entry than analysing the […]
What’s one of your biggest challenges as a business owner? If “being paid” is one of your answers, you’re not alone. When it comes to dealing with getting paid on time and late payments, it helps to know your customers. But how well do you know them? The Art of Being Paid is a useful […]
10 tips to transform your productivity is a guide that will help you reduce the time taken on accounting admin.
Running your own business is rewarding. But let’s be honest, it’s also a challenge. Staying on top of industry trends, being at your clients’ beck and call, finding new clients, juggling meetings, keeping track of cash flow, and filing your tax returns. They’re all competing for your time and attention. In this guide you will […]
For the last decade, I have devoted my career to helping professionals see themselves as a knowledge worker and adjust their business model accordingly from one of “we sell time” to “we sell knowledge.” Creating Access-Level Agreements distills some of the best thinking from myself and other knowledge leaders with which I have worked into a digestible nugget […]
Keeping up with the pace of change is a challenge for firms of all shapes and sizes. Technology and changing client demands create powerful business opportunities, but they also bring skills gaps. How can your firm combat this skills gap while retaining your current talented team members? Your firm’s ability to upskill, or its capacity […]
Managing money and cash flow are critical for small firms. Get the basics right with our free guide and you’ll be in a strong position.
