Recognizing and Developing Organizational Leaders is the Key to Business Success
For organizational success, it is important to actively encourage and nurture future leaders, through strategies that motivate them. With the advent of Industry 4.0, where machines are learning at a rapid pace and communicating with each other to make decisions with minimal human input, the traditional bureaucratic style of training needs to move on to a more growth-centric style.
There is also a growing acceptance of the fact that leadership development should not be restricted to a chosen few hierarchies. In the age of digital workplaces, employees across the board will be expected to make consequential decisions that align with the business objectives and work culture. This means that all employees need training in the right technical, communication and relationship skills, in addition to routine on-the-job training.
In fact, a Deloitte survey reveals that 6 in 10 millennials leave their jobs within just 2 years, citing the primary reason as their leadership skills not being developed by the company. Where better to seek the next generation of leaders than among the in-house talent, people who are already tuned into the company’s vision?
Creating in-house leadership development programs reduces the cost of hiring and retraining people from the outside.
Identifying Future Leaders
Here are two primary ways to spot the leaders of tomorrow.
- Identifying Potential
The first step in maximizing employee potential is ensuring effective corporate training. The next step is to be able to use analytics to assess how each learner has benefitted from the training modules. When you have the means to make predictive assessments with the use of robust analytics, identifying employees with the right skills and potential to be future leaders becomes easier. Such tools also help by eliminating the possibility of human bias coloring leadership choices. In addition, when these analytics can be customized, based on the specific qualities or skills that an organization looks for in leaders, it can become a very powerful predictive tool.
Full article at- https://www.askkea.com/blog/developing-organizational-leadership-key-business-success/
