An effective leadership development program can create advantages for employees and businesses, such as improved decision-making and communication within the workplace. Among the disadvantages is that a leadership development program can be costly and disappointing if poorly planned or executed. Let’s have a look at what could be some of the advantages and of course disadvantages to investing in this form of training.
PRO: Invigorates talent in the various levels of the management system. One advantage of creating a leadership program within your business is the engagement it creates. It has been highly documented that senior leadership that values employees, and employees having opportunities to lead projects themselves are two of the biggest non-financial motivators that improve employee engagement at work.
CON: It’s a long game. Developing and implementing leadership training programs within your business can take time. It can also take a significant amount of time for you to see it take effect. During this time you might also have staff level your organisation who take with them the training you have invested in for them.
PRO: They test your knowledge. Studies have shown that programs that challenge your leadership skills in the real world are more effective to your staff and your business than programs that focus more on theory. What people do as leaders is more important than what they know about leadership. The most effective leadership development programs integrate leadership training into the work that’s done on the job every day.
CON: Connection failure. Some programs just fall short and fail to connect with the participant. For example taking a one size fits all approach to each participant will be massively ineffective and will mean they are not working to target the individual’s leadership skills that need development.
These are just a handful of points to consider when making the decision to incorporate leadership training costs into your next budget forecasting. The key thing to remember is that for any training that you get your staff to undertake to effective is if they are willing participants and open to learning and progressing in their careers.
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