June 8, 2015
The importance of strong leadership within an organization becomes evident when you look at the impact it has on employee engagement and improved company culture. With companies facing a looming shortage of leaders due to a retirement boom, most are tuned into the increasing need for effective leadership development strategies to drive results, yet a majority of companies still are not making any progress in strengthening their leadership pipelines, especially in their ability to develop Millennial leaders.
The Brandon Hall Group just concluded their 2015 State of Leadership Development Study in April, and their findings showed that among the 242 organizations who participated in the study, only 36 percent said their organization had a core of leadership practices that was above average or exceptional. In part, this is positive news, considering that 2013’s survey indicated only 25 percent were identified as having a strong formal leadership development strategy.
Still, that leaves a gap of 64 percent of organizations that are left with ineffective leadership development programs, even though other Brandon Hall Group survey results indicate that organizations ranked Leadership Development (LD) as their second most important issue toward which they would be devoting significant time, energy, and resources.
If companies are aware of the urgent need for leadership, why do the majority still lack the implementation of an effective program? The answer to that is complex and derived from research which is detailed in Deloitte’s 2015 Global Human Capital Trends report. The main causes of the gap include:
Much of the gap, then, appears to be caused by a lack of a customized ongoing leadership development series that is offered to both existing and emerging leaders, identifies specific obstacles to growth, and addresses key skills needed to overcome those obstacles. Zoe Training and Consulting offers a comprehensive Leadership Excellence series which can be customized based on specific identified development needs within the client organization. The series can be delivered for both emerging and existing leaders to ensure a talent pipeline at all levels.
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About the AuthorSince 1983, Zoe Training and Consulting has offered one-stop access to training and development resources for organizations and government agencies nationwide that want the best results from their human capital investments. We provide one point of contact for more than 60 trainers, speakers, and consultants, saving our clients considerable time and energy in researching and identifying appropriate resources.