What Is Leadership Training and Development?
5 Strategies for Successful Programs

 

According to the 2021 Global Leadership Forecast, only 11% of organizations report having a strong or very strong leadership bench—a 10-year low. As the world recovers from COVID-19 disruptions and navigates new challenges like inflation, organizations need strong leaders that can drive success in times of change.

Leadership development training is crucial for reaching business goals amid uncertainties. Leadership programs have several benefits, helping your organization:

• Develop internal talent, minimizing the time and expense associated with recruiting new leaders.

• Improve its bottom line by boosting productivity and morale and reducing turnover.

• Attract and retain talent. Prospective employees with career ambitions are more likely to prioritize employers that offer leadership opportunities and support.

• Continue growing despite significant changes or business disruptions.
  
  

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What are the Stages of Leadership Development? 

Leadership development is the process of giving existing and future leaders the skills to succeed in leadership roles, including skills such as strategic thinking, decision-making, influencing, managing change, talent development, project management, networking, and communication.

A lack of effective leadership development can lead to losses in productivity, unmet goals, low morale, and high turnover. Effective leadership takes time to develop and varies based on the individual's role within the company.

Understanding the stages of leadership development can be useful for evaluating employees and determining readiness for a leadership role.

 

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