What to Include in Leadership Development Training

Since 2020, organizations have learned the value of adaptability. As more businesses embrace hybrid work environments and digital transformation, their employees need effective leaders to navigate big changes.

Leadership development training is a comprehensive program designed to improve corporate leadership skills. By prioritizing leadership skills, organizations can not only increase productivity but also improve employee retention and foster business growth.

Here’s why leadership development training is important for your organization and what skills to consider in your training program.

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Developing Leaders for the “New Normal”

 

As we enter the second stage of work transformation as a result of global disruptions due to the COVID-19 pandemic, businesses and leaders need to start really thinking about what they will do to develop leaders in this ‘new normal.' What had been previously seen and expected in leadership and management practices must be adjusted, re-learned, or tossed to better fit the working and living conditions we have today. New leadership needs to focus on how to lead a distributed workforce, how to appreciate and capitalize on new global opportunities, and how to lead with human capital leadership skills (empathy, emotional intelligence, and autonomy management).

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Leadership Development Program

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Over the years, organizations have dedicated time and money to improve their managers' potential and nurture new leaders. US-based companies spend approximately $14 billion every year on leadership development. Executives rank leadership improvement as one of their top three current and future priorities.

In today's business environment, many organizations acknowledge that leadership development programs play a critical role in improving performance, engagement, and profitability. However, some leaders say that despite their efforts to enhance leadership growth, their companies fail to exploit many business opportunities.

For your organization to succeed, you need a successful leadership team with exceptional skills to lead other employees and sustainably drive organizational growth. By implementing a leadership development program, you can identify individuals who can lead the organization and nurture them to perform leadership duties efficiently and effectively.

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