The right approach to leadership development will help you protect the future of your business.
Leadership development is amongst the hottest topics among business executives and a core component of a successful human resources strategy. And for good reason.
According to Development Dimensions International, from intellectual property to customer satisfaction, 80% of a company's valuation is now intangible.
Helping your team establish leadership development plans 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.
Once you do this, people who want to develop their career will look for feedback and expect 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 a business that wants to last.
A leadership development program is a comprehensive plan enacted by a company to support the growth of an employee into a predetermined leadership role. This strategy aims to cultivate the specific qualities deemed necessary to best serve 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.
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.
Talent management is more than just a performance appraisal tool or process. You must consider ongoing training, including classes, course requirements, programs and certifications, and more. Similarly, tracking performers who excel and then rewarding them accordingly will help you get your people ready for the future.
Discover how AI-powered onboarding tools personalize training, streamline compliance, and boost engagement to create a seamless new hire experience.
Learn how HR leaders can embrace trends shaping the future of work and discover some actionable tips to help you navigate the road ahead.
Find out everything you need to know about human resource management, from what it entails, to how it can transform your business.
Check out how shorter feedback cycles, co-creation of goals, and a focus on potential changed performance management.
What does 2024 hold for HR leaders? From maintaining wellbeing to using the right HR tech, we round up the top trends to help you get ahead.
Find out how automation can lead to greater visibility and better business insights.
How can companies support employees’ mental wellbeing? Here are six tips on supporting mental health within your organization.
Around 1.6 billion people celebrate Ramadan around the world. Here are five things HR leaders can do to support employees observing it.
