There are many reasons why organizations spend enormous amounts of time and resources on developing leaders. One of the most important examples would be that “Organizations with the highest quality leaders were 13 times more likely to outperform their competition in key bottom-line metrics such as financial performance, quality of products and services, employee engagement, and customer satisfaction.”
If you want your organization to fall into that category, then use the following 5 tips to help develop leaders within your business.
1. Develop leaders early
Leadership development should take place as soon as possible within your organization by assessing and analyzing the strengths of potential future leaders. While big data can be used, you can also discover which employees have what it takes for certain jobs by letting them identify themselves as potential leaders in leadership positions.
2. Educate and train employees
Another way to develop future leaders is by constantly providing them with the education and training needed to become a leader. This could be accomplished by having employees attend webinars, conferences or classes to help them refine their leadership skills.
3. Challenge employees
Give employees a chance to challenge themselves by assigning them unfamiliar tasks. It’s an effective way to push and test their skill levels.
4. Teach them to network
Networking is vital for everyone in a leadership position. Encourage employees to improve their networking skills through training or by having them communicate with co-workers they don't know well.
5. Rotate employee positions
For many innovative companies, employee rotation has become a great way to engage, motivate and work with different team members. Furthermore, by not locking employees into a single position, it’s developing additional skills in each employee that could be used if they have to fill-in for another team member.