In today's rapidly changing business landscape, investing in the development of the next generation of leaders is crucial for the success and sustainability of organizations. A consistent theme across multiple industries is that talented individuals with great potential are leaving for what they perceive to be better developmental experiences and career growth at other companies. This concern is even stronger among organizations who have either a work-at-home or a hybrid work arrangement. Companies that provide effective leadership development opportunities at all levels are more likely to rank high in financial performance, with 54% claiming spots in the top 10% of their industries. By offering leadership development opportunities at all levels, organizations can improve employee engagement and retention rates as well as keep work-from-home employees developing and growing in their careers.
Cultivating human skills is a critical aspect of developing next-generation leaders. Ineffective leaders are the number-one reason people leave a company within one year. Those who work for managers with poor interpersonal skills are 3.5 times more likely to leave. It is vital to prepare individuals for leadership roles before they step into these roles. Those in charge must make the shift from “doing” the work to getting work done through others. It is not always the case that high-performing employees make great CEOs and managers, highlighting the need for early and deliberate investment in human-centered leadership development. Providing developmental experiences to help create better leaders is a call to action for organizations looking to cultivate the next generation of principal employees.
To prepare next-generation leaders to enter leadership roles effectively, we recommend that organizations consider various training and development strategies including:
Such strategies can prioritize human-centered leadership development and better prepare next-generation leaders for the demands and challenges of leadership roles in a constantly evolving business landscape. By investing in effective leadership development, organizations can boost engagement, retention, productivity, and financial performance while creating a pipeline of skilled leaders to navigate the ever-changing business landscape. Vaya Group’s unique Vayability platform marries technology and neural learning and blends each of these strategies into a comprehensive tool to accelerate leadership development. Find out how Vayability can help turn your investment in next-gen leaders today into tangible results tomorrow. Call us at 630-906-3046 or complete this form for a free consultation.