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Are you investing in your future leaders? The skills gap is widening, but many organizations focus only on high performers. This article explores how to support all emerging leaders & bridge the gap! https://buff.ly/48uZaSl #leadershipdevelopment #futureproof #talentmanagement

Investing in Fit for Future Leadership - The leader development and training market is so varied that comparing and contrasting programs, courses of study, how development and training is delivered, time needed away from core business and of course the cost are all important considerations. Not forgetting the underlying need for a return on investment at the individual and organisational level. My curiosity on what drives investment in leader development and training was born from my academic studies, my work history and speaking to hundreds of leaders.     Discussions around the return on investment are at times the upfront consideration and not so much at others. Add to this that the value of development and training varies among leaders, and you have an interesting dilemma – to whom does the value of leadership development and training really benefit? Is it the leader, the business, the industry, or the teams you lead? Is it some delicate mix? According to Future Markets Insights, the value of the Australia leadership development program market was over US $1.4 billion. Just let that sink in for a moment or two. This is a considerable investment in the future of Australia, the for profit and not for profit sectors. Australian businesses and individual leaders are willing to spend and continue spending (investing in) leader development.     So how do you define, fit for future leadership? What do you need developed among leaders – self leadership, or capabilities like foresight and strategic thinking (I am not arguing these are the only leader capabilities, but they are, in my view, critically important). It is extremely difficult to argue what a definitive / best / most appropriate development and training approach is but what is clear, at least to me, is that what the market offers is whatever an individual or business needs at a given point in a leader’s career.     What an emerging leader needs may differ to a mid-career or end of career leader. Add to this the demands of the sector in which leaders work and its no wonder there are so many leader development and training options. You can access the full post, 'Investing in Fit for Future Leadership' here: https://shorturl.at/eHNR3 Also, please visit the Pharos Institute for Strategic Leadership for more articles relating to leadership practice. #strategicleadership #fitforfutureleadership #leadershipmatters

Are you results-oriented? Is your organization results-oriented? Are you a results-oriented leader? An organization is only as good as its leaders. Businesses and HR departments hinder their growth potential when they reduce or eliminate coaching and training budgets. Investing in employee development is essential for any organization. A 2022 LinkedIn Global Talents report found that professional development is a key driver in retention, and a December 2021 Gallup article opined leadership development is a critical part of helping organizations thrive. (Forbes Business Council, June 29, 2022) The costs of replacing a senior leader can be substantial, ranging from five to eight times their yearly salary, encompassing recruitment expenses, decreased productivity, loss of institutional knowledge, and strategic misalignments. Coaching serves as a remarkably effective leadership development tactic that pays for itself. If you aim to achieve outcomes such as improved performance, skill advancement, strategic alignment, and overall growth in profits, invest in coaching for leaders, especially those who are new to the organization or have been promoted into leadership. The results will be evident. Schedule a free call to discuss at https://lnkd.in/dn3XTJPi. References: 🔘https://lnkd.in/gMK-QTyT 🔘https://lnkd.in/gQ5mUJT8

Are you results-oriented? Is your organization results-oriented? Are you a results-oriented leader? An organization is only as good as its leaders. Businesses and HR departments hinder their growth potential when they reduce or eliminate coaching and training budgets. Investing in employee development is essential for any organization. A 2022 LinkedIn Global Talents report found that professional development is a key driver in retention, and a December 2021 Gallup article opined leadership development is a critical part of helping organizations thrive. (Forbes Business Council, June 29, 2022) The costs of replacing a senior leader can be substantial, ranging from five to eight times their yearly salary, encompassing recruitment expenses, decreased productivity, loss of institutional knowledge, and strategic misalignments. Coaching serves as a remarkably effective leadership development tactic that pays for itself. If you aim to achieve outcomes such as improved performance, skill advancement, strategic alignment, and overall growth in profits, invest in coaching for leaders, especially those who are new to the organization or have been promoted into leadership. The results will be evident. Schedule a free call to discuss at https://lnkd.in/dn3XTJPi. References: 🔘https://lnkd.in/gMK-QTyT 🔘https://lnkd.in/gQ5mUJT8

Check out this interesting article from CTO on leadership development! 🌟 Key takeaways include: - Learning in the flow of work is essential for leaders. - 5 crucial skills identified for today's business environment: developing talent, strategic thinking, managing change, prioritisation, and influencing others. - Surprisingly, only 30% of leaders have received training to develop these critical skills. #LeadershipDevelopment #SkillsTraining #ProfessionalDevelopment

A recent study by Deloitte found that good leadership is the top priority for a healthy business, according to 80 percent of respondents. But only 25 percent of them said their organisation was actively building leaders to meet new challenges. Many organisations simply aren’t investing enough in the next generation of leaders – and it’s going to damage our industries and companies in the future if we don’t do something about it. Developing your mid-level and emerging leaders is critical if you want to ensure your organisation continues to thrive. It’s one thing to understand why we’re failing when it comes to leadership development, and another thing to do something about it. This week’s blog will help with both. #leadership #emergingleaders #leadershipdevelopment #leadersmap

Without the right training and awareness, your managers won't become the incredible leaders your organization needs. Learn how to effectively guide them in our latest blog! https://hubs.ly/Q02qQ7bl0 #birkman #blog #leadership

I firmly believe that the key to a successful organisation lies in its ability to cultivate leaders from within. I’ve observed that programs designed to develop leadership competencies significantly enhance an organisation’s agility and competitive edge. Moreover, such programs can foster a culture of continuous learning and growth, which is crucial in today’s dynamic business environment. With the increasing need for effective leadership, understanding how to design and implement such programs becomes paramount. Please reach out to us if you would like to discuss how we can help you design a tailored program that nurtures your organisation’s future leaders. #LeadershipDevelopment #OrganisationalGrowth #ContinuousLearning

How #VistageInternational Makes Executives Into Leaders: What separates great leaders from adequate leaders? Fortitude? Perseverance? Tenacity? Sure, these are important attributes, but it takes more than strength of character to be an exceptional leader; it also takes a commitment to continued learning. Vistage International and its community of professionals is more than a business resource, but the ideal learning environment. https://ow.ly/cLjT50R7TPl #JayMMcDonald #StrategicJaywalking #Vistage #ExecutiveCoach #LearnToLead

The continuing challenge to unearth great leaders. Despite the ongoing substantial investment in leadership training, the scarcity of effective leaders remains a prominent concern for organisations worldwide. In fact, even with a global expenditure of $366 billion in 2018 alone, the return on this investment in terms of cultivating quality leaders has been disappointing. There is an even great need for quality leaders in today’s challenging work environment. Here's some possible reasons why developing the next crop of great leaders is so challenging: 1. Leadership is tough and requires resilience. Transitioning into a leadership role demands substantial effort and perseverance. Unfortunately, many individuals selected for leadership positions are reluctant to embrace the challenges inherent in leading others, leading to a shortfall in capable leaders. 2. The training conundrum. Leadership training often comes too late in the game. Many leaders undergo training after years in their roles, missing out on crucial developmental opportunities earlier in their careers. Delayed training hampers their ability to effectively learn up to date leadership techniques. 3. Coaching versus training. Effective leadership entails more than theoretical knowledge—it requires practical skill development and habit-breaking. Yet, many leadership development programs focus solely on training, neglecting the crucial aspect of ongoing coaching that reinforces new behaviours and prevents regression into old habits. A Call to Action. To address the dearth of effective leaders, organisations must prioritise early identification of leadership potential and provide timely, comprehensive training and coaching. By equipping emerging leaders with the necessary skills and support, businesses can cultivate a robust leadership pipeline, ensuring sustainable success and averting the pitfalls of burnout and failure. What factors do you believe contribute to the shortage of leaders? #retailreset #retail #leadership