3 Benefits of a Successful Leadership Development Program
Do you want your employees to be more productive, more creative, and more satisfied with their jobs? If so, your team can benefit from a leadership training program. Leadership development is a worthwhile investment for every industry.
Human resource management (HRM) professionals are in a unique position to provide practical training that supports emerging leaders. Learn everything you need to know about helping employees become strong leaders through corporate leadership development.
What is Leadership Development?
So you may have landed on this article wondering, “what's a basic leadership development definition?” or “what is leadership development training?”
Let’s define the two.
Leadership development is a comprehensive training process that influences a person and their performance. Employee leadership development focuses on equipping individuals with the skills and knowledge they need to be influential leaders.
How? Through leadership development training programs.
Leadership Development Training Programs
Leadership development training programs use custom management solutions to support employees’ career growth. Development usually starts with a leadership training program where employees learn hard and soft skills, such as:
- Goal setting
- Time management
- Team delegation
- Interpersonal communication
- Conflict management
- Giving and receiving feedback
What is the Purpose of a Leadership Development Program?
Leadership programs primarily help non-managerial employees qualify for promotions in higher-level leadership positions. Management and leadership training programs often include lessons on business strategy to keep the big picture in mind, too.
3 Benefits of a Leadership Development Program
Now, let's dive into the importance of leadership development. It doesn't matter if you work for a major corporation, in the healthcare field, or even a small business – your company can benefit from leadership development training.
We found three of the most significant advantages that leadership programs can provide for your company and listed them out below.
75% of training is reported to have zero effect on employee performance; however, Unboxed training is immediately helpful. Leadership training goes a step further to not only develop new job-related capabilities but strengthen interpersonal skills.
Leaders have a crucial job in creating and upholding a healthy company culture, which impacts morale. When managers know how to communicate, delegate, and create a supportive environment, teams can work together efficiently for a more productive workday.
Improve Employee Retention
94% of employees are motivated to stay at companies that invest in their career growth. Improving employee retention rates can save a company thousands of dollars compared to onboarding new employees.
Providing ongoing learning and development, even outside of leadership training specifically, is attractive to potential employees. According to LinkedIn’s 2019 Workforce Learning Report, the number one reason Millennials leave their jobs is little to no opportunity to learn and grow.
Empower leaders, retain employees.
Improve Decision-Making Capabilities
When employees receive leadership training, they learn how to make decisions that keep business goals in mind. Through strategic training, leaders will know how to make data-driven decisions by analyzing problems and finding the best solutions.
Teaching leaders how to make better, faster, more objective decisions make a company more agile and can also help mitigate team conflict.
What is the Role of HRM in Leadership Development?
The human resource department directly contributes to the success of a company and the satisfaction of its employees. HR professionals “get the right people on the bus,” as Jim Collins says, and help them find the right seat before establishing the destination.
HR professionals are key to recruiting and retaining the right people. HR helps onboard new employees and lay a clear path for their ongoing career development, keeping them happy and expectant.
4 Methods to Move Down the Path of Leader Development
What steps should you take to help employees move towards leadership development?
Here are some effective strategies that will help you train (and retain) employees.
Make Mentorship a Priority
Mentorship isn't just for new hires to help them feel welcome. Mentorship should be a critical component of your organization’s leadership training program. Pairing up employees with managers or seasoned colleagues may give future vision to new hires about where they want to be promoted in the future.
Provide Regular Feedback
Whether you’re a sales manager or HR professional, check-in with employees, and provide constructive feedback in regular performance reviews. Actionable feedback will help employees recognize improvement areas, especially if they're interested in pursuing a leadership position.
Checking in also gives you a better sense of which employees want to be a long-term team member. Then, connect employees with mentors to intentionally help them achieve future career goals.
Encourage Cross-Departmental Learning
Not every employee wants to be a manager or have the word "chief" as part of their title. However, some employees might be interested in moving into another position in a different department. In this case, cross-departmental learning provides new opportunities for employee advancement. It also teaches employees what they need to do if they want to qualify for other internal jobs.
At the very least, cross-departmental learning creates a new awareness of the various roles, responsibilities, and functions of different positions within an organization.
Invest in Custom Leadership Training Programs
Finally, increase your company growth and employee retention through leadership training programs. A custom management and leadership training program can reduce employee turnover and produce year-over-year revenue growth.
Unboxed specializes in custom training programs for leadership, sales, customer service, and more. With little to no time to create a training program internally, custom solutions can be entirely virtual to support your digital workplace.
Train your team wherever they are during the day: at home, in the office, or on-the-go.
Training Leaders Through Effective Leadership Development Today
Now that you know more about corporate leadership development, are you ready to train employees into effective managers?
Do you have a program in place, but think it's time to make some changes? If so, remember the tips outlined above as you rework your approach to leadership development in HRM and beyond. Every team can benefit from leadership training.
Need more guidance on how to create an effective leadership training program? Check out our customized employee training resources for leaders and managers.
Contact our team today to request a demo, ask questions, and start developing leaders.