Having a strong leadership team can ultimately determine your organization's success. However, many companies fall short in terms of developing influential leaders, and people are often placed in leadership positions without proper leadership development training.
A lack of leadership development can harm your organization, leading to decreased productivity, high turnover, low morale, absenteeism, and other issues.
Ineffective leadership development significantly impacts the workforce, especially millennials. According to 77% of millennials, their company's ability to provide leadership development is "weak." Given that millennials will be the future leaders of businesses worldwide, leadership development shortcomings could have serious consequences. It is easy to see why organizations require leadership development.
So, what other ways can leadership development benefit your organization? Here's a list of five reasons why leadership development is critical from the ascension leadership academy San Diego.
Reduce Employee Turnover
Managers significantly influence whether an employee stays or leaves an organization. According to a Gallup poll of over 1 million U.S. workers, the number one reason people quit their jobs is an inconsiderate boss or immediate supervisor. Simply evaluating and fine-tuning how a manager performs their duties can go a long way.
Employees tend to be engaged if they feel appreciated and supported by a strong leader. 56.6% say their loyalty toward their boss and their organization keeps them from leaving. The value of leadership development becomes apparent. Effective leadership development can increase engagement in the manager-employee relationship, which can help improve employee retention.
Promotes Accountability
Effective leadership development fosters greater accountability in leaders. A mature leader accepts responsibility for their mistakes and encourages others to do the same. They make it a priority to keep their team productive.
Through development programs, leaders learn why creating a culture of accountability is critical to the organization's success. They delegate this responsibility to instill a strong culture of accountability throughout the organization.
Role Clarity
Leadership development programs assist leaders in understanding the significance of organizational role clarity. Employees who know their exact role within an organization and understand how their job fits into the big picture are defined as having role clarity. By eliminating job overlap, role clarity reduces workplace confusion and enables leaders to manage and delegate tasks more effectively.
Leaders must understand each team member's role to have a productive workplace. By implementing a leadership development program, leaders can learn how to identify individual roles to keep team members on track. These programs can be effective if leaders continue to give their teams autonomy.
The Takeaway
An effective leadership development program can benefit your organization for many years, but it will take time and a well-thought-out plan. Ascension leadership academy San Diego is here to assist you!