Leadership is a tricky topic. Many people who are qualified to occupy leadership roles find themselves reluctant to grab hold of the reins and lead a team of others. Because many question their innate ability to lead, internal leadership development can often help these individuals gain the skills and comfort level they need to finally assume leadership roles.
Leadership development initiatives have a noticeable and measurable impact on a company, but more importantly, they positively influence employees. The financial investment into leadership development isn’t just an investment into the company’s future, it’s an investment into the people and families who make it all possible.
Leadership development teaches employees the skill sets they need to advance within a company, and the results are two-sided, benefiting both organizations AND employees.
In fact, LinkedIn reports that “68% of employees prefer to learn at work.” That’s because internal training offers the following benefits for employees.
Internal leadership initiatives are also important for companies hoping to succeed in a competitive market. Industries are packed full of organizations offering comparable solutions and products, so it’s important to set yourself apart and leadership programs can be the differentiator.
Setting up strong leadership programs can be the defining difference while also functioning as a contributing factor in working toward your business goals. Leadership programs have the following benefits for organizations.
Leadership programs help identify and prepare candidates for future leadership roles. According to the above study, “Only 14 percent of CEOs have the leadership talent to execute their strategy.” When you develop your own leadership training, you have the opportunity to determine how your future leaders will ultimately manage your company, aligning business goals with our employees’ career goals.
Leadership training strengthens your company culture. Company culture is an important factor for business success. Often, a positive culture is a factor in attracting top talent, but it also helps promote strong leadership. “When a culture is strong, it leads to motivated employees and high performing managers,” reports LinkedIn.
It helps with conflict resolution. Leadership training teaches employees how to handle conflict in a healthy way which encourages employees to resolve differences without managerial intervention.
Internal programs reduce employee turnover. According to LinkedIn’s 2018 Workplace Learning Report, “94% of employees would stay at a company longer if it invested in their career.” High turnover is very expensive for companies as they have to divert money to recruiting efforts.
Investing in our employees always pays off and that’s why we work to build the leaders of tomorrow.Come join our team of leaders!