A leader’s role is to craft the vision and in turn facilitate the execution of the same by aligning business goals to the overall mission and vision of the organization
A leadership training program is an incentive that the company invests in to retain and maintain its leadership resources.
A study by the Center for Creative Leadership holds that 65 percent of companies with mature leadership development programs drove improved business results as compared to 6 percent of companies without such a program.
In the past decade there has been a rise in the training for C-level employees. Traditionally the training for leaders was focused on developing the individual leadership capabilities. With time, companies have realized that the success of any leadership development program is dependent on factors like
- Individual learner characteristics
- Quality and nature of the leadership development program
- Support for behavioral change from the leader’s supervisor
Considering the chock-a-block calendars that the leaders may have, they need to be trained using a blended approach that incorporates various delivery methods like eLearning, podcasts, classroom training and coaching. A classroom training may not always be the most effective way of training these folks, they will need multiple learning nuggets like one-one coaching, stretch assignments, industry speaker sessions., mentoring and hands-on experience Typically the duration of leadership training programs is longer- and may range for a month or year. While most companies outsource their leadership trainings, most of them conduct them internally since for leaders the organizational context is critical.
For leaders, a one-size fits all approach can’t be applied. There needs to be openness when it comes to deciding the modes of learnings. Since each to-be leader possess different behavioral strengths, it is essential we always tweak the context to their benefit.
Listed below are the benefits of having a leadership development program
- Shapes the company culture – The way you treat your employees speak volumes of the kind of organization you are in. When the company invests in your well-being and personal development, the employees then take this seriously and take steps to ensure the company succeeds in the endeavors it undertakes
- Retains the employees – Once the organization has identified the future leaders, it aids the company to invest in them and thereby creating the next set of leaders
Often leadership trainings without context and relevance can be an utter waste of resources, here are challenges faced in delivering a leadership development training
- Measuring the impact of any leadership training is always going to be difficult. Sudden behavioral changes are not expected. It takes time for the learning to settle. However, there can regular follow up sessions to ensure the sustenance of learning
- If there is no strategic alignment with respect to the learning intervention and business goals, the entire effort can be worthless. It is essential for brainstorming to happen at the inception of the program so that the program agenda delivers and fulfills the ultimate purpose
- The biggest challenge for leaders to remain engaged is ‘What is in it for me’. This question can be addressed by taking the participants along while creating the program, co-creation of the learning journey makes it relevant and there is greater leadership buy-in.
Leadership effectiveness is one of the most common aspects that organizations want to keep addressing. Hence a well-planned interventions with smaller learning nuggets are the key to development. Reportedly, companies spend over $1.5 million just on external leadership courses in 2016. This makes it all the more important to invest in relevant and effective leadership training.