The era of disruption encourages companies to produce adaptive leaders. Adaptive leaders are leaders who continue to learn. For this reason, leadership training is important. This time we will explain the goals and benefits of leadership training for companies.
According to a survey conducted by McKinsey Quartely, 90% of survey respondents stated that capability building is one of the top priorities for their organization.
This means that many companies realize that in order to remain competitive and grow, they need employees who have high skills and relevance to changing business needs.
In the context of leadership, companies also need employees who have adaptive, solution-oriented, and transformative leadership skills. For this reason, companies do not hesitate to spend a budget to hold leadership training.
In times of economic uncertainty, holding training for employees is a challenge in itself. The challenge is whether the return on investment (ROI) of the training that has been held is visible.
ROI is the main factor that is taken into account because companies cannot freely spend their budgets in times of economic turmoil.
Still from McKinsey Quartely, only a quarter of respondents who took the survey felt that the training program they were running was effective in improving performance measurably. In fact, only 8 percent monitored the return on investment (ROI) of the training program.
However, companies need to realize that the success of the company is highly dependent on the team's ability to move quickly, adapt, and make the right decisions in challenging situations.
If the company still lacks people with the right leadership skills, then leadership training is needed.
The purpose of this leadership training will help equip employees with the ability to adapt, make faster and more precise decisions, and the ability to better manage teams in changing situations.
If the company has decided to include its employees in leadership training from vendors, then these are the benefits of leadership training that can be expected.
Leadership training helps employees to be more flexible and adapt quickly to changes that occur, be it internal changes within the organization or external changes influenced by the market and economy.
Improved adaptability enables teams to act quickly and appropriately in the face of uncertain situations, speeding up decision-making and responding more efficiently to business dynamics.
In times of uncertainty, the ability to make quick and appropriate decisions becomes critical.
Leadership training provides the tools and techniques needed to help employees manage limited information and make informed and strategic decisions. This helps teams not get bogged down in doubt, but instead move confidently towards solutions.
In times of uncertainty, stress and conflict often arise in organizations. Leadership training provides skills to manage personal and team stress, and to handle internal conflict constructively.
Trained leaders can mediate issues and maintain positive professional relationships, so that the team stays focused on the common goal without unnecessary distractions.
Effective communication is essential in leadership. Leadership training will help leaders to clearly communicate vision, goals, and expectations, as well as listen to and manage feedback from the team.
Good communication skills encourage openness and transparency within the team, creating a more collaborative and productive environment.
Inspirational leaders are able to motivate their teams to work harder, commit, and achieve common goals.
Leadership training teaches the skills to motivate others, not only with words, but also with concrete actions that reflect the company's values and vision. Inspirational leadership also creates a sense of confidence in the team and increases their loyalty and engagement.
Leadership training focuses on developing collaboration and teamwork skills. When a leader manages the team well, whether in terms of task management, motivation, or social dynamics within the team, the overall performance of the team will improve.
Effective leaders are able to maximize the strengths of each team member, empowering them to collaborate more productively and achieve higher results.
Every leader has a unique leadership style. Leadership training helps participants discover and develop their authentic leadership style, aligned with their personal values and company culture. Authentic leadership increases credibility and builds stronger relationships with their team and other stakeholders.
When every company spends money on leadership training, they certainly expect maximum ROI. For that, the Boys and Girls Club of America (BGCA) is a great example of how to maximize the benefits of training.
Boys & Girls Clubs of America (BGCA) faces other common organizational challenges: limited leadership skills and limited funds to address these issues. Amid planned expansion and a wave of retirements, BGCA began an initiative to improve leadership skills through measurable training.
They conducted a 360-degree assessment of each local leader to identify key factors that could improve organizational performance, such as effective board building and revenue development strategies. Using regression analysis, they focused the training on four areas that have been shown to have the greatest impact on organizational performance.
The results showed significant performance improvements in locations that received the training compared to a control group that did not receive the training.
BGCA then calculated the potential benefits that could be achieved if the entire organization implemented a similar program, projecting an increase of more than 350,000 new members and more than $100 million in additional annual revenue. BGCA also found that the program generated more than four times the return on investment, including travel and training costs.
The program was proven to not only improve leadership skills but also drive better business performance, demonstrating the value of training that is directly linked to organizational performance metrics.
An investment in leadership training will have the greatest impact when it is designed appropriately and aligned with business priorities.
The leadership training needs of each business will be different from one another, therefore prasmul-eli offers personalized leadership training programs according to the needs of the company. With personalized leadership training, you don't need to worry about investing in training that is not relevant to your needs. Because the prasmul-eli team will design according to your needs.