Why Leadership Development Matters? Without strong leadership development programs, companies may be losing top talent
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Executives overwhelmingly agree that the retention of talent can make or break a company, yet only a minority of those executives say they invest in leadership development programs.
“Every organization has their own classification for leadership, but however they define it, at Top Employers, we are interested in what they do to ensure that their current leaders grow and that they have strategies in place to ensure that they develop their next generation of leaders.”
David Plink, CEO Top Employers Institute
The good news? As Top Employers Institute CEO David Plink reports: “Globally, we’re seeing encouraging signs that companies are putting more resources toward leadership development. Organizational culture is shifting towards creating an environment in which leadership can develop and thrive -- and that begins by management clearly defining desired leadership skills, talents and capabilities.”
From a business perspective, executives at global top performers report that they’re laser-focused on two areas:
Definition: Leadership Development is any activity that improves or strengthens the quality of leadership within an individual or an organization.
The way we define leaders is changing. With talent retention and succession planning top of mind, it is important for all businesses to nurture and develop their future leaders, enabling them to fully realize their potential in a sometimes complex and always evolving world. The future workforce will need to acquire new skills on a regular basis and will be performing many role yet to exist, so it is vital that Leadership Development programs help equip tomorrow’s leaders with the skills, capabilities, vision and perspective to help them succeed.