How to Develop Future Leaders
Most companies recognize that employees are their greatest assets. Subsequently, providing ongoing training and develop for future leaders should be a priority, especially since leadership teams are often responsible for driving the achievement of strategic business goals. Despite this fact, many organizations struggle with finding the right methods for building leaders so that they are equipped to advance both short and long-term business initiatives.
When it comes to developing leaders, in this day and age it’s imperative to employ the use of technology to achieve your goals. An effective corporate training program will likely include technology as a form of training delivery. Leading organizations often take advantage of cutting-edge technology in order to boost the capabilities of their teams and maximize employee engagement. There are also associations that can optimize training outcomes. You can find resources and best practices for leadership development at websites like https://www.ypo.org/.
Cultivating a leadership program requires collaboration between executive leaders and human resources in order to maximize outcomes. Instead of haphazard training or simply following trends, leaders of an organization should be strategic to ensure they don’t waste financial resources and time, which inevitably impacts productivity and profits. It’s important to not just identify the needs of your organization, but also establish a plan for how those needs will be addressed. By collaborating with HR, leaders can define the corporate vision, mission, culture, practices and processes. The knowledge gained by employees across the company can be used to ensure the sustainability of the business.
To support the continued growth of your business, it’s important to identify employees who are qualified to serve in leadership roles. This means you should not only identify individuals with the technical skills to excel, but also those with the soft skills that are required to serve as an effective leader. For example, problem solving skills cannot be undervalued because it’s often what makes a great leader. Chief among the skills that should be developed in leaders is emotional intelligence. Simply put, you can have someone with the technical abilities to succeed, but failure to communicate effectively can be detrimental to their direct team and others across the organization.
Executives and HR can work together in order to establish a leadership program that fosters long-term professional growth. The information developed during the planning phase can also be used during the recruitment process so that talent acquisition procedures align with the company’s overall vision and long-term staffing goals. Some companies implement mentoring programs in order to ensure the strength of future leaders. For example, a Regional Manager or Vice President who is five years out from retirement can mentor a few middle managers in order to identify those with the leadership qualities required to excel in the role. By cultivating the professional growth of current employees, you can ensure there’s always a pool of internal candidates equipped with the capabilities required to advance within the organization. It’s also a way of retaining individuals with deep institutional knowledge that would be loss if they departed because there was no room for professional advancement.