Effective workplace leadership is vital to boosting employee morale and maintaining a healthy environment.
As part of your succession planning strategy, you should consider offering workplace leadership training to encourage current members of staff to progress into higher roles.
Is it worth, however, offering training rather than allowing future leaders to fall into the role naturally? By offering current employees the opportunity to develop into leaders, turnover is likely to decrease and business continuity is likely to be achieved long term.
Retention
For high-level or highly specialised employees, you may be looking at a cost of 400% of their annual salary to replace them and train a new member for the job role. The stats prove that retaining staff should be of paramount importance, otherwise it’s likely to cost you.
Through offering workplace leadership training to your higher levelled staff, you will be demonstrating that you value their development; making them more confident and likely to stay with your company.
With 75% of workers stating that they would quit their jobs if they had ineffective leaders, employers should not only provide workplace leadership training to retain and build leaders but also encourage lower-level employees to remain at your organisation.
By investing in workplace leadership training, you can retain your workforce and reduce costly recruitment expenses. Implementing workplace leadership training actively helps to communicate with your staff the level of investment you are willing to put into their development and progression.
Create future leaders
When it comes to creating future leaders you need to be strategic about who you are choosing to nurture. For example, you need someone who has the right qualities to be a leader where workplace leadership training will help to propel them into the role and build on their existing skills. Quality leadership is a combination of a positive personality, a healthy work ethic and the right training.
Increase productivity
Leaders need to be influential within the firm; encouraging staff to work more effectively as part of the firm. Often, leaders who are empathetic and show emotional intelligence gain more respect from employees, so identifying workplace training that teaches workers about building and utilising these skills for people management is a great place to start.
Moreover, you want your leaders to know how to behave accordingly, through showing their authority, identifying the relevance of team building and addressing issues. Training will help leaders to recognise the importance of feedback and apply this to the organisational efforts in maintaining motivated staff and increasing the skill level of people across all areas of your company, in line with expectations.
Decision making
Workplace leadership training can result in better decision-making as it supports the development of confidence within a role through knowledge expansion.
An employee with a broader knowledge and strong decision-making skills will save time and should be able to make decisions that have a positive impact on your business goals and objectives.