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5 Ways to Unlock the Hidden Value in Your Emerging Leaders
The document discusses the importance of leadership development programs, highlighting that 86% of organizations view leadership shortfalls as a critical issue. Effective leadership development can enhance employee engagement, customer satisfaction, and productivity, ultimately impacting financial results and retention rates. Key strategies include continuous learning, executive involvement, and tailored competencies aligned with business strategy.
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5 Ways to Unlock the Hidden Value in Your Emerging Leaders
- 2. Presenting Today Daniel Binkholder ClientSuccess Consultant BizLibrary Katie Miller Marketing Specialist BizLibrary
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- 4. What are theprimary objectives of your leadership development program?
- 5. We have re-evaluatedleadership competencies for our organization in the past 6 – 12 months.
- 6. “The most successful strategiesare those that make learning a continuous process, hardwired into a company's metabolism.“ Meghan Biro, The New Rules of Leadership
- 7. 86% see leadership shortfalls asa top-3 issue Two out of three employees say training plays an important role in their decision to stay with their employer. Professional development is 27% more important to millennials then baby boomers SOURCE: Bersin by Deloitte: Global Human Capital Trends 2015
- 8. Strong Executive Involvement Tailored Leadership Competencies Continual Re-Alignment with BusinessStrategy Target Multiple Levels of Leadership Learn By Doing and Application 5 Ways to Unlock the Hidden Value in Your Emerging Leaders
- 9. Gain Support OwnPersonal Development Clearly Connect Performance and Bottom Line Results Executive Involvement
- 10. Employee Engagement Customer Satisfaction EmployeeProductivity SOURCE: The Business Case for Leadership Development, CLO, 2017 Leadership Development Practices Positively Impact
- 11. Employee Engagement 81% ofpeople who report to a trained leader said they were more engaged in their jobs. SOURCE: The Business Case for Leadership Development, CLO, 2017 Leadership Development Practices Positively Impact
- 12. Customer Satisfaction Better leadershipcan generate 71% percent higher customer satisfaction ratings and a 114% increase in sales. SOURCE: The Business Case for Leadership Development, CLO, 2017 Leadership Development Practices Positively Impact
- 13. Employee Productivity Leadership developmentcan cause a 26% decrease in production time and a 36% increase in productivity. SOURCE: The Business Case for Leadership Development, CLO, 2017 Leadership Development Practices Positively Impact
- 14. Business Impact Financial Results KeyEmployee Retention Improve Organizational IQ
- 15. 360 MILLION WORKERS WILL RETIREFROM THE GLOBAL LABOR FORCE BY 2030
- 16. Up to 40to 50% of imported executives fail within the first 18 months – internal development is key to success! SOURCE: McKinsey Global Institute
- 17. Knowledge transfer mightbe the single best reason to improve your leadership development program . . . now. 25% By 2020 of the workforce will be older adults aged 55 and up. SOURCE: U.S. Census Bureau 48% of companies have no intention to do any strategic planning about how retirement affects their business! SOURCE: AARP Poll Experience, knowledge, and skills!
- 18. 42% of companiessurveyed reported hiring retired employees as “consultants” Informal Knowledge Transfer Driving a culture of knowledge, sharing and communication Some specialized knowledge WILL be lost
- 19. Focus on people development and growth Lookto the future and strengths Receive Feedback Challenge the status quo Tailored Leadership Competencies
- 20. Leadership Models For Development Behavioral Theories Behavior patternsthat results in leadership success Trait Theories Universal leadership traits that can be taught and learned Great Man Theories Leaders are born, not made Group Theories Leadership emerges in small group settings
- 21. Leadership Models For Development Transformational Theories Motivation, alignment andsometimes values Contingency /Situational Theories leadership behaviors in specific situations. Excellence Theories The interactions between traits, behaviors, key situations and group facilitations
- 22. SOURCE: http://2020workplace.com/blog/?p=388 • Inclusivedecision making • Genuine solicitation of feedback Collaborative Mind-set • Mentors and coaches team • Provides straight feedback Developer of People • Use technology to connect customers and employeesDigitally Confident • Has a diverse mind-set • Prioritizes social responsibility Global Citizen • Builds accountability across levels • Champions innovation Anticipates and Builds for the Future Leadership 2020 Model
- 23. Emotional intelligence isthe foundational skill set. Self- Awareness Self- Management Social Awareness Relationship Management
- 24. Source: Daniel Goleman,What Makes a Leader, Harvard Business Review
- 25. Continual Re-Alignment withBusiness Strategy Identify successors for critical roles Enhancing effectiveness of current leaders Develop leadership Bench strength Accelerate the Development of High potentials Influence or change Company culture Increase employee Engagement and productivity
- 26. What do youneed your leaders to do to be successful? Key Challenges Faced By Our Leaders Uncertainty Changing DemographicsNeed for Speed
- 27. Leadership in YourOrganization VISION Where are we going and why? STRATEGY How will we get there? RESOURCES What’s available and needed?
- 28. Target Multiple Levels HighPotential Employees Supervisory and Team Lead Managing Advanced Leadership Executive Development New Managers & Newly Promoted Mid And Senior Level Managers Technical And Professional Senior Directors And Vice Presidents
- 29. Supervisory and Team Lead •Changing roles and communication • What is leadership • Working with peers • Delegation • Establishing credibility New Managers • The management / leadership mix • Working with peers • Developing others • Emotional intelligence Mid-Level Managers • Learning resources targeted to their role of managing other managers • Job rotation and stretch assignments for growth • Feedback and mentoring Technical and Professional Leaders • Leadership fundamentals, business acumen and communication skills • Learning at the time of need and on-demand Executives and Senior Leadership • Higher level leadership skills – motivation, strategy and innovation • Peer to peer collaboration • Highly focused development plans and executive coaching Developing Learning Plans at Different Levels
- 30. Learn By Doing Rotational Assignments ActionLearning Task Force or Project Team Mentoring
- 31. Developing Relationships Formal Training ReceivingFeedback Self-Awareness On-the-Job Experiences Learning How to Learn
- 32. Learning Agility Defined: Thewillingness and ability to learn from experience and the ability to apply what you’ve learned for effective performance in new or unfamiliar conditions.
- 33. Having a GrowthMindset Mastery & Passion FIXED MIXED GROWTH
- 34. Strong Executive Involvement Tailored Leadership Competencies Alignment with Business Strategy TargetMultiple Levels of Leadership Learn By Doing and Application 5 Ways to Unlock the Hidden Value in Your Emerging Leaders
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- 36. Establishing a Cultureof Agility Video Lesson From this lesson, the viewer will learn about the four areas that must be understood and modified in a culture of agility. The lesson also describes applicable strategies for creating an agile organization, such as communicating well, supplying resources, and increasing tolerance of mistakes. Establishing a Culture of Agility
- 37. Using Emotional IntelligenceVideo Course This eight-lesson video course covers the major components of EI: self- awareness, self-regulation, social awareness, and relationship management. In this video lesson, we will introduce the concept of emotional intelligence, describe how it differs from other types of intelligence, and summarize the different parts of EI. Using Emotional Intelligence
- 38. Let us knowthrough the poll if you’d like a free demo of BizLibrary’s online course collection. www.bizlibrary.com/demo Try out these video lessons and more!
- 39. Thank you forattending! Katie Miller Marketing Specialist BizLibrary Daniel Binkholder Client Success Consultant BizLibrary