Leadership Development Program – Guest Entry

By Alexandra Brown/Career Minds

The next decade is paced to be one of significant change in terms of leadership development. The “silver tsunami,” or the mass exodus of baby boomers from the workforce, will result in over ten thousand retirements each day. The boomers have remained in the workforce longer than previous generations, resulting in a lack of leadership development opportunities for less tenured workers. The vacancies in upper management and the C-Suite left in the wake of the silver tsunami will reveal a dramatic skills gap in leadership preparedness and ability. Organizations will have to prepare for the transition through succession planning and begin to implement structured leadership development programs.

Many recent studies tout the importance of leadership development, and it is clear that an organization’s leaders have a huge impact on its overall success in the long run. In our research, we have found two outstanding facts that explain the significance of proper leadership for an organization:

1) Effective leadership is the second most important reason for employee satisfaction at work.
2) Leadership development has been shown to make a bigger impact on an organization than that of the organization’s overall culture.

Human resources departments should be leading the research on the various leadership development resources available to their organization, and programs aspects to consider should include mentoring, job rotation, workshops, and online virtual coaching. It is important that the correct program is selected while keeping the organization’s objectives in mind, as well as to have a plan to determine the return on investment over time. The infographic below provides instructions and a real life example of how to calculate the ROI of your organization’s leadership development program.

By |2018-03-25T22:16:35+00:00May 23rd, 2017|Categories: General|

About the Author:

Dr. Rob Fazio is the Managing Partner at OnPoint Advising specializing in global leadership and organizational success. Rob partners with leaders, top teams, and organizations to empower them to grow while achieving results. Based on his experiences in sport psychology and executive development, he teaches clients how to remove barriers to organizational effectiveness and to function at optimal levels. He has worked with executive teams and coached executives throughout organizations including the C-Suite, surgeons, and emerging leaders.

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