Leadership awakened: Generations, teams, sciencePosted in : HR Updates ROI on 22 June 2016
Leadership continues to be a pertinent and topical issue for HR and business leaders globally, with 89% of companies rating it as an important or very important issue.
Despite this recognition of priority, 28% of organisations rate their leadership pipelines as weak or very weak, which vividly highlights the immensity of tackling this challenge.
Leadership development is experiencing a revolution, with the focus being placed on new leadership cohorts (Millennials, women and diverse individuals) who have new, innovative skills and a hunger to effectively collaborate with their colleagues. High-performing companies, who were quick to identify the shift in the approach to leadership, outspend their competitors on leadership by almost four times; and they use their investment shrewdly. These organisations have adopted a comprehensive attitude to leadership; developing integrated systems which encompass a specific leadership strategy, blended learning programmes, research-driven content, and intensive coaching. This ensures leadership initiatives are built on a solid foundation of data, evidence and science.
Alongside targeted investment in a structured and analytical leadership programme, organisations need to focus on identifying young, diverse leaders and fostering teams of leaders; promoting the development of “leaders at all levels”. Broadening and deepening leadership capabilities, and building a strong leadership pipeline is also pivotal to ensuring an organisation has the leadership talent they need to compete – today and in the future.
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