How to Create a Leadership Development Program for your Business

The Leadership Development Factbook 2014: Benchmarks and Trends in U.S. Leadership Development, produced for Bersin by Deloitte reveals that Leadership continues to be the number one Human Capital concern for businesses[1]. As organizations struggle with leadership gaps at all management levels, the report shows businesses responding with more leadership development spending. Small companies saw the largest spending growth in leadership development initiatives (on average) – up 23% from 2013.

If you are one of those businesses seeking to “prime the pump” of leadership talent, here are some do’s and don’ts of creating an effective Leadership Development Program.

Do…

Map the Competencies That Are Needed

Design your Leadership Program so it develops the skills and talents that best serve the company that is executing it. Create a core competency map that helps employees understand what skills they need to develop to advance. It also helps managers identify candidates for training who are likely to be successful[2].

Identify the Right Candidates

A successful Leadership Development Program cherry-picks and then invests in those employees that are most likely be ready when gaps open. The method for this weeding-out process, however, varies greatly from company to company. Some aggressively promote internally and train leaders as they step up the ladder. Others take an egalitarian approach and offer training to all employees with the mindset that their “stars” will rise to the top.

However a business approaches development, it is important to continue staff development efforts even if there are no current openings. It’s too late to start development the day a gap appears[3].

Train for the Future

Create your development plan to address the future skills and needs of the business. For example, a company that plans to expand internationally may want to prepare by offering global leadership development and train employees to anticipate cultural differences in the new market.

Don’t…

Forget the End

When you take time to identify specific skills your employees need to meet specific business objectives, then you avoid the common trap of training too broadly. You also need to connect the dots and identify what success looks like so that the program can be measured. As the needs of the business changes the scope and emphasis of your development program should also change.

Restrict Learning to a Classroom

Make sure there is a real connection to the work of the business in any development program. Give employees who have been targeted as high-potential individuals the opportunity to try out their new skills. Incorporate mentor shadowing or offer opportunities to take on pilot projects that reinforce the proficiencies you want demonstrated.

Shy Away from Difficult Changes

Some problems can’t be addressed without a fundamental change of mindset. It is easy to understand the concept of delegating tasks more efficiently. However, it’s something else to correct a fundamental unwillingness to “let go” of control and hand over tasks. Developing leaders who are capable of rising to the executive level requires the hard, sometimes painful, work of unlearning bad habits and instilling new ones[4].

Forget to Enjoy the Results

The expense and time investment in creating a leadership development or succession program pays off when managers advance smoothly into more challenging leadership roles and companies avoid empty positions and overworked employees. CareerBuilder estimates that employers lose $14,000, on average, for every job that stays vacant for three months or longer[5]. Developing talent with the specific skills that your business needs means fewer vacant positions and more employees that are motivated by a work environment that offers opportunity.

[1] http://www.bersin.com/uploadedFiles/063014_WWB_LD-Factbook_KOL_Final.pdf
[2] http://www.businessdictionary.com/article/665/implementing-a-leadership-development-program-for-your-business/
[3] http://www.inc.com/guides/2010/07/how-to-create-a-leadership-development-program.html
[4] http://www.mckinsey.com/insights/leading_in_the_21st_century/why_leadership-development_programs_fail
[5] http://thehiringsite.careerbuilder.com/2014/03/06/cost-of-unfilled-positions/

Local Seminars Related to this Topic:

Leadership, Team-Building and Coaching Skills for Managers and Supervisors

LIVE ONLINE SEMINARS

May. 10

Pacific Time Zone

May. 11

Central Time Zone

May. 20

Central Time Zone

May. 21

Eastern Time Zone

May. 24

Pacific Time Zone

May. 26

Central Time Zone

Jun. 4

Central Time Zone

Jun. 8

Eastern Time Zone

Jun. 10

Central Time Zone

Jun. 15

Central Time Zone

Jun. 17

Eastern Time Zone

Jun. 23

Central Time Zone

Jun. 24

Pacific Time Zone

Jun. 28

Central Time Zone

Jul. 9

Central Time Zone

Jul. 12

Pacific Time Zone

Jul. 14

Eastern Time Zone

Jul. 15

Central Time Zone

Jul. 20

Central Time Zone

Jul. 21

Pacific Time Zone

Jul. 23

Eastern Time Zone

Jul. 26

Pacific Time Zone

Jul. 27

Central Time Zone

Jul. 29

Eastern Time Zone

Aug. 3

Eastern Time Zone

Aug. 4

Central Time Zone

Aug. 6

Central Time Zone

Aug. 11

Central Time Zone

Aug. 12

Central Time Zone

Aug. 18

Central Time Zone

Aug. 19

Pacific Time Zone

Aug. 24

Pacific Time Zone

Aug. 26

Central Time Zone

Aug. 30

Central Time Zone

Aug. 31

Eastern Time Zone

Transitioning to Supervisor

LIVE ONLINE SEMINARS

May. 10

Eastern Time Zone

May. 14

Central Time Zone

May. 20

Pacific Time Zone

May. 21

Central Time Zone

May. 25

Central Time Zone

May. 27

Eastern Time Zone

Jun. 4

Central Time Zone

Jun. 8

Pacific Time Zone

Jun. 10

Central Time Zone

Jun. 16

Eastern Time Zone

Jun. 17

Central Time Zone

Jun. 22

Eastern Time Zone

Jun. 23

Central Time Zone

Jun. 28

Central Time Zone

Jul. 9

Central Time Zone

Jul. 12

Pacific Time Zone

Jul. 13

Eastern Time Zone

Jul. 14

Central Time Zone

Jul. 19

Eastern Time Zone

Jul. 21

Central Time Zone

Jul. 22

Pacific Time Zone

Jul. 27

Central Time Zone

Jul. 29

Eastern Time Zone

Jul. 30

Pacific Time Zone

Aug. 3

Central Time Zone

Aug. 4

Central Time Zone

Aug. 11

Pacific Time Zone

Aug. 12

Eastern Time Zone

Aug. 13

Central Time Zone

Aug. 18

Central Time Zone

Aug. 19

Central Time Zone

Aug. 24

Central Time Zone

Aug. 26

Pacific Time Zone

Aug. 30

Eastern Time Zone

Aug. 31

Central Time Zone

How to Supervise People

LIVE ONLINE SEMINARS

Jul. 9

Eastern Time Zone

Jul. 14

Pacific Time Zone

Jul. 15

Central Time Zone

Jul. 20

Central Time Zone

Jul. 26

Pacific Time Zone

Jul. 28

Eastern Time Zone

Jul. 29

Central Time Zone

Aug. 4

Eastern Time Zone

Aug. 5

Central Time Zone

Aug. 10

Pacific Time Zone

Aug. 12

Central Time Zone

Aug. 18

Central Time Zone

Aug. 24

Central Time Zone

Aug. 26

Eastern Time Zone

Sep. 1

Central Time Zone

How to Supervise Bad Attitudes and Negative Behaviors

LIVE ONLINE SEMINARS

May. 13

Central Time Zone

May. 17

Eastern Time Zone

May. 26

Central Time Zone

Jun. 9

Central Time Zone

Jun. 24

Pacific Time Zone

Jun. 28

Central Time Zone

Jul. 13

Central Time Zone

Jul. 22

Eastern Time Zone

Jul. 28

Central Time Zone

Aug. 3

Central Time Zone

Aug. 11

Eastern Time Zone

Aug. 12

Central Time Zone

Aug. 26

Pacific Time Zone

Sep. 1

Central Time Zone

Management & Leadership Skills for New Managers and Supervisors (2-Day)

LIVE ONLINE SEMINARS

May. 18

Central Time Zone

May. 24

Pacific Time Zone

Jun. 2

Eastern Time Zone

Jun. 14

Central Time Zone

Jun. 21

Central Time Zone

Jul. 7

Eastern Time Zone

Jul. 14

Central Time Zone

Jul. 20

Central Time Zone

Jul. 29

Pacific Time Zone

Aug. 4

Pacific Time Zone

Aug. 10

Central Time Zone

Aug. 19

Eastern Time Zone

Aug. 25

Central Time Zone

Aug. 30

Central Time Zone

A Crash Course for the First-Time Manager or Supervisor

LIVE ONLINE SEMINARS

Jun. 4

Central Time Zone

Jun. 17

Central Time Zone

Jun. 23

Eastern Time Zone

Jul. 7

Central Time Zone

Jul. 13

Central Time Zone

Jul. 15

Pacific Time Zone

Jul. 20

Eastern Time Zone

Jul. 21

Central Time Zone

Jul. 29

Central Time Zone

Overcoming Negativity

LIVE ONLINE SEMINARS

Jul. 8

Central Time Zone

Jul. 16

Eastern Time Zone

Jul. 20

Pacific Time Zone

Jul. 28

Central Time Zone

Aug. 12

Central Time Zone

Aug. 19

Central Time Zone

Aug. 24

Eastern Time Zone

Sep. 1

Pacific Time Zone

Criticism & Discipline Skills for Managers and Supervisors

LIVE ONLINE SEMINARS

Jun. 2

Central Time Zone

Jun. 10

Central Time Zone

Jun. 28

Pacific Time Zone

Jul. 7

Pacific Time Zone

Jul. 13

Central Time Zone

Jul. 21

Eastern Time Zone

Jul. 29

Central Time Zone

Facilities Management - A 2-Day Comprehensive Course

LIVE ONLINE SEMINARS

May. 10

Central Time Zone

May. 20

Central Time Zone

Aug. 2

Central Time Zone

Aug. 11

Pacific Time Zone

Aug. 19

Central Time Zone

Aug. 25

Eastern Time Zone

Aug. 30

Central Time Zone

How Managers Become Great Leaders

LIVE ONLINE SEMINARS

May. 12

Pacific Time Zone

May. 25

Central Time Zone

Aug. 4

Central Time Zone

Aug. 10

Eastern Time Zone

Aug. 17

Pacific Time Zone

Sep. 2

Central Time Zone

How to Bargain & Negotiate with Vendors and Suppliers

LIVE ONLINE SEMINARS

May. 13

Central Time Zone

May. 18

Central Time Zone

May. 26

Eastern Time Zone

Aug. 4

Eastern Time Zone

Aug. 12

Pacific Time Zone

Aug. 17

Central Time Zone

Aug. 25

Central Time Zone

Managing with Assertive Confidence

LIVE ONLINE SEMINARS

May. 12

Central Time Zone

May. 27

Central Time Zone

Aug. 5

Central Time Zone

Aug. 11

Central Time Zone

Aug. 18

Eastern Time Zone

Aug. 24

Central Time Zone

Aug. 31

Pacific Time Zone

How to Improve Employee Accountability with Remote and In-Person Teams

LIVE ONLINE SEMINARS

Jun. 4

Central Time Zone

Jun. 17

Central Time Zone

Jun. 23

Eastern Time Zone

Jul. 15

Central Time Zone

Jul. 21

Pacific Time Zone

Jul. 27

Central Time Zone

The Exceptional Team Leader

LIVE ONLINE SEMINARS

Jun. 3

Central Time Zone

Jun. 16

Pacific Time Zone

Jun. 22

Central Time Zone

Jul. 14

Central Time Zone

Jul. 22

Central Time Zone

Jul. 27

Eastern Time Zone

The Indispensable Office Manager

LIVE ONLINE SEMINARS

May. 19

Eastern Time Zone

May. 24

Central Time Zone

Aug. 5

Central Time Zone

Aug. 18

Central Time Zone

Aug. 24

Eastern Time Zone

Sep. 1

Pacific Time Zone

The Management Conference

LIVE ONLINE SEMINARS

Jun. 10

Central Time Zone

Jun. 15

Central Time Zone

Jul. 13

Eastern Time Zone

Jul. 22

Central Time Zone

Jul. 27

Pacific Time Zone

Be the Manager Your Employees Want to Follow

LIVE ONLINE SEMINARS

May. 18

Central Time Zone

May. 26

Central Time Zone

Related Management, Supervision & Leadership Articles

Leave a Reply

Your email address will not be published. Required fields are marked *