Over the next few years, several senior positions will become vacant as the baby boomer population retires. This will result in a shortfall that needs to be addressed by the companies and requires training current employees to assume such authority. Hence, creating an efficient leadership development program is vital for the continued growth of the companies.
The company may face some unwillingness when creating and moreover during the implementation stage, which needs to be overcome. Most people are unwilling to receive additional training for numerous reasons. Employees who have been with the same organization for several years or hold higher educational degrees prefer to continue working as they have during the past.
But feedback at higher levels is crucial because any error at these levels have severe consequences on the company. Individuals at a higher position within the organization are unwilling to undergo training because they feel it undermines their authority. Undertaking training programs for such individuals implies accepting they are not perfect, which may result in their juniors questioning their authority.
However, corporate need to overcome all such resistance and focus on creating and implementing an efficient leadership plan. A major benefit of creating such a blueprint is that the company is able to increase its productivity. When managers are capable, they are able to resolve problems quickly and efficiently ensuring the objectives of the corporate are met.
When the executive people are able to do their work without requiring constant attention, senior managers can concentrate on the strategic expansion of the company. Hence, they are able to dedicate more time and efforts on moving towards the achievement of the company’s mission and vision. Additionally, when the company puts efforts for the employees, it increases their loyalty, which in turn reduces the employee turnover.
Company recognition of superior performance will act as a morale booster and promote employees to work harder to improve their performance. No matter how much resistance is offered by employees, corporate today need to ensure the implementation of a plan to fill up soon to be vacant senior positions. When the employees understand the benefits of such programs on their career growth, their resistance will automatically disappear.
With increasing number of years in employment, the resistance towards training and feedback increases. Therefore, the requirement of creating capable managers is forcing companies to develop various programs that train their mid level employees to move to higher positions. Creating and implementing a leadership development program provides significant benefits to employees and the companies in the long run.
You can find a review of the reasons why you should hire a motivational speaker and more information about a reputable speaker who specializes in leadership development, now.