Friday, March 10, 2017

Why Low Cost Leadership Development Is Good Business

By Gary Smith


Business organizations have to have their leaders, and developing them either through recruitment or by picking them out of the office pool will entail the use of time and resources. Also, the search for good talent who can provide guidance and management is intensely competitive. Today, these are the people tasked to provide strategic and tactical strength to organizations in conducting business.

Leaders are not born but made, trained to be the movers and shakers in the business environment. Low cost leadership development is something that is organic to an organization, and a much needed resource today. It is also a program made to search out, monitor and guide talent in preparation for bigger roles.

For any company, it is always necessary to fit people into the bigger picture, to acclimatize them to culture, mission and policies. Developing leaders is no easy task and can fail when rushed or the development is haphazard. Top management takes its time to study and create programmatic models for creating its company leaders.

Vision, diversity, innovation and flexibility are the most important drivers of these programs. And keeping the costs low means that companies should ideally start from the bottom up. That is, they need to find the best talent on the entry levels and not in mid careers, when attracting talent becomes highly specific on an individual and costly basis.

Companies should be able to practice a mentoring process that ideally starts right after hiring potential candidates. HR and recruiters need to be on their toes for those applicants who can be leaders, and right at the start put them on the path of development. This makes the process organic to your company.

When trying to attract established leaders in other companies, there is always some specific need addressed. This is more on the recruitment side, but development should also come in right from the start. These potential hires are felt out, wined and dined and to have their interest and sympathy hooked, and this is the developmental side of the process.

These are the most expensive processes for talent development, so there is a necessity to make your decisions count. Getting the right people in is cost effective and can give more in the long run. Since the costs are heavy, these must realize the potential for creating great success and be able to demonstrate it almost from day one.

Volunteerism and initiatives based work should also be part of the running of your company. These enable your people to know what they can do based on their own understanding of their skills. And when they display an interest for getting into leadership positions, some benefits and relevant training for more skills should be offered for those who pass the qualifications.

Identifying the right people is intrinsic to leadership development, and picking them out and making them step up should be something acceptable to all. Direct hires for leadership positions can often end up as bad decisions and the balance must be found somewhere. The company is responsible for finding its weaknesses and identify its strengths in this regard.




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