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Entries in Management (2)

Tuesday
Mar242015

The Results Are In: Does Your Company Have an Employee Development Program?

In our January Question of the Month, we asked if your company has a comprehensive employee development program. The encouraging results show that approximately 63% of respondents have a program in place to help or at least encourage their employees to reach their development goals.

The full breakdown:

  • For 24% of respondents, employee development is an integral part of their culture
  • 20% offer employee development opportunities, but only on an as needed basis
  • 19% of companies encourage employee development, but don’t officially support it
  • And, 38% have no employee development initiatives in place

During the past few years since the recession, an alarming situation has emerged in the workforce. Currently, there are more than 12 million unemployed workers in the U.S. at the same time many businesses across all industries are having a difficult time filling open positions. So, where’s the disconnect? Studies have shown that the problem may lie with fewer numbers of available skilled workers.

The workplace is constantly evolving, so in order to ensure your business stays productive, it’s necessary for your workers to evolve at the same pace. Companies that place an emphasis on training and development programs for their employees are essentially helping to creating their own private talent pool. Focusing on developing younger or less-skilled workers will help ensure you have easier access to talent to fill high-skilled job vacancies. And by creating comprehensive leadership development paths, you take important steps toward securing the future of the company.

Employee training and development is a vital part of building a stable, productive, and successful business. And as the workforce continues to become more technologically advanced, the need for highly skilled workers is only going to increase. Staying ahead of the curve and making moves to fight the brewing talent war will be key to survival in the long run.

How do you develop new employees and prepare them to take on larger roles within your company? Let us know in the comment section below.

by Jared Brox on February 19, 2013 in Executive InsightsLeadership and ManagementSurveys, Polls, and Infographics

URL: http://www.refreshleadership.com/index.php/2013/02/results-company-employee-development-program/

Monday
Apr142014

March Madness: We Have a Champion

From the Elite Eight and the Final Four all the way to the final match, the road to the March Madness Leadership Championship has been long. There have been ups and downs, shoe-ins and upsets, but after three rounds, the voters have decided. And the winner is … Coaching!

With 89% of votes, Coaching leadership style beat out Laissez-faire to take the tournament win. Coaching is a one-on-one leadership approach that is focused on employee development and growing workers into top talent. Its strength is to help team members meet their goals within the company and personal career. To view the entire scouting report, view March Madness Leadership Bracketology.

Coach Your Way to Success

Companies have come to realize the importance of employee development on the overall health and success of their businesses. However, according to a study by Towers Watson, only 58% of companies have an employee development program in place. Workers are expected to grow and advance professionally, and if they aren’t being coached at their current position, they may soon leave for greener pastures. In their 2013 Candidate Behavior Survey, CareerBuilder found that 77% of full-time employed workers are either open to or actively looking for new job opportunities. The more engaged you are with your employees’ development, the more engaged your employees will be at work.

The Power of Mentoring 

Leaders who are successful in life have often been the result of mentorships. In fact, according to American Society of Training and Development (ASTD), 75% of executives say mentoring was key to their success. Whether having one-on-one meetings with each employee or having a group discussion on goals and training, mentoring goes a long way in developing top talent. ASTD also claims that 35% of employees who aren’t mentored search for new jobs within the following year. So, for your company to keep its innovation and relevance in its market, it’s vital to lean heavily on the Coaching leadership style.

Well-balanced Machine

Although Coaching won the March Madness Leadership Tournament, the other leadership styles have their place at the office. For instance, sometimes it’s imperative to utilize an Autocratic style in times of crisis. Or when your company is at the cusp of new beginnings, it is essential to have a Visionary leader. The best leaders know when to adapt to certain situations, so keeping all eight of these leadership styles in your management quiver will help you be ready for any possible scenario that may come up. Remember, don’t be the leader you want to be, be the leader your company needs you to be.

Which leadership style do you use most often? How have you developed your employees? Let us know in the comments section below!