Employee training is further divided into many types of training that an employee can undergo depending on his specific needs and the organization’s goals. There is, however, one training path that all organizations must ask their employees to walk i.e. the Leadership training path.
Direct Benefits Of Leadership Training
1. Lowered Attrition
More often than not employees leave bad bosses and not bad jobs. By giving employees leadership training, you can chart out a career path for them to become good bosses, thus reducing attrition in your company and saving major rehiring costs.
Such training instills loyalty in the trained employees and makes others in the pipeline look forward to being trained similarly.
2. Employee Motivation
Certain employees value training more than cash incentives. It acts as a major motivator for them. Because they know training will open up greater growth opportunities that will boost their compensation permanently.
With millennials comprising the major chunk of the future workforce, this becomes important as they are known to be job hoppers. Eventually, they will switch jobs the moment another organization offers such programs. This not only retains talent but also attracts the right talent.
3. Brand Image
Above all, the presence of such programs in the organization creates a positive brand image of the organization in the eyes of the potential workforce.
4. Company Longevity
The founders of the company have to ensure the company’s sustainability after they are gone. Without strong leadership to carry forward the legacy, the longevity of the organization is under threat.
Thus, it becomes vital for the company to identify key personalities who can take the company forward and train them in leadership. Notably, this ensures the values that the founders based the company on are carried forward and adapted with time.
5. Appreciation and recognition
Lack of growth and recognition are cited as among the top reasons by employees when it comes to dissatisfaction and quitting. Training employees in leadership achieve two goals here.
The employee feels recognized, appreciated and sees growth potential in the organization. Additionally, leadership training also develops his abilities to give feedback and recognition to people working under him, thus keeping them engaged and satisfied.
6. Cross-Departmental knowledge sharing
When many employees in the organization go through the leadership program together, they can share their own departmental, field and personal experiences. This will lead to greater learning and overall organizational growth. This also aids team building, camaraderie, and unity in the organization.
7. Improved Decision making
Leadership training can improve decision making in the company. The modules taught in the training programs are based on case studies, simulations, live company problems, and examples. This is a win-win for all.
A leadership program starts with a total SWOT analysis of the employee undergoing the training. By doing this preliminary procedure, the employee gains greater knowledge about himself and takes efforts to fill the identified gaps and set a path for self-development.
Employees who are trained in this know-how to prioritize their work, and perform their duties effectively.
10. Knowledge Transfer
Trained employees also know how to transfer this knowledge to others. This increases the overall productivity of many employees and the company as a whole. Leadership training trickles down to lower levels of the organization and becomes a part of how things are done in the organization.
11. Skill Enhancement
The training allows employees to achieve greater goals as their skills improve. After going through the training program, employees perform their tasks with more focus and rigor courtesy of their newly acquired skills.
12. Identification of High Potentials
Also, after putting employees through the training module, the company can identify previously unidentified high potentials, who they may groom further to take up vital roles in the organization.
13. Overall Positivity
A strong leader, with a clear vision and strategy for success, creates an overall positive environment in the organization. It motivates people who come in contact with such leaders. Read more about How to grow an effective leader.
LOOKING FOR TRAINING ON LEADERSHIP? PLEASE FEEL FREE TO WRITE US AT PARTNER@EDU4SURE.COM / SIMPLY CALL US AT 95.5511.5533.