Corporate leadership training enables an organisation to identify present or future leaders and help them develop their soft and hard skills so that they can become refined, resourceful leaders leading high-performing teams. Moreover, corporate leadership training programs enables an organisation to identify current or future leaders and develop their soft skills (accountability, empathy, emotional intelligence, communication, etc.) and hard skills (project management, budgeting, analytical modelling, resource management, etc.) to become refined, resourceful leaders leading high-performing teams. Keep read the blog post to learn more.
Why Is Leadership Development Important?
Leadership development is an excellent strategy for attracting and retaining highly competent individuals in your firm. When a leadership programme is embedded in the culture of your firm. Even more, you can build a leadership team from the ground up using long-term employees.
You may prevent the friction that comes with a new hire being acquainted with the organisation, processes, and people by curating your leadership team internally. Additionally, there are several further reasons why internal promotion to senior positions can assist your organisation:
1. Increased Organisational Morale – Lack of job possibilities is cited as the primary reason for 29% of workers considering quitting.
2. Employees who are more motivated – Employees will strive to perform their best when they see reachable goals.
3. Faster Startup Time – Because your new leader is already familiar with the company, processes, and people, they can dive right into projects.
How to Conduct Corporate Leadership Development?
When creating a leadership training programme, you have a plethora of modalities (methods of presenting the material) and subjects to choose from.
Let’s take a look at some prominent methods for leadership development.
1. Training with an Instructor
You gather a group of employees for instructor-led training to stimulate conversation, work through tasks together, and learn as a team. This provides your staff with access to subject matter experts and fosters a positive team atmosphere.
2. Immersive Education
Immersive training uses technologies like fully immersive virtual reality, 360o virtual reality, and augmented reality. Furthermore, to imitate real-world scenarios and allow employees to practise decision-making in a secure environment.
3. e Learning
e Learning can take the shape of online modules that employees can do on their own time and at their own pace, increasing their retention of the material. Furthermore, you may develop an entertaining programme with custom branding, characters, drawings, and functionality using e Learning.
4. Blended Education
We at Round table Learning feel that a mixed learning paradigm is effective. Similarly, blended Learning is a concept that combines traditional and digital learning methods to produce a fully integrated programme.
With the increased interest in leadership development, you have two options for developing your programme. A custom-built programme or an off-the-shelf solution. Moreover, both have a position in the market and handle various challenges; as a programme developer or supplier, you must pick which solution is best for you.
5. Customised Leadership Development
If you want something unique to a firm’s organisation or processes. Moreover, a custom-built platform is suggested for your leadership training programme.
A company may want a custom software to have more control over the platform’s branding, content, design, and functionalities.
For businesses that need to teach on popular themes like team development, managerial skills, or Microsoft Office, an off-the-shelf platform may be a viable alternative. In exchange for a lesser price, an off-the-shelf software offers limited customisation business development professional capabilities and limits you to keep inside the platform’s limitations. While a custom-built software may be more expensive to develop. Furthermore, the ROI may be higher owing to increased functionality, employee retention, and use over time.