According to a recent Gallup poll, 87% of millennials stated that receiving professional development was important to them1 while a LinkedIn survey reports 94% of employees would stay at their job longer if their organization invested in their development.2 These surveys highlight the need for companies to invest in development in order to keep talent within their organization.
Since it takes an investment of both time and money to provide professional development, it’s crucial resources are being directed to the right people. One way to help make that decision is by administering leadership assessments to identify people that display behaviors consistent with those of successful leaders.
When looking for a leadership assessment tool, you should be looking for research-based, statistically valid assessment software that returns objective results. LeaderNAVTM uses Leadership MultiRater assessments to produce a high-level overview of all potential candidates that comparatively categorizes them in a number of areas. In addition to providing an overall indication of the strength of their leadership influence and traits of effective leadership, LeaderNAVTM can also provide an overview of global personality factors and emotional intelligence.
From an employee perspective, a lack of professional development can lead to career stagnation and can signal that the organization is not invested in them for long-term employment. This can lead to high-turnover and losing key employees that could have led the business to a successful future. Undertaking ongoing leadership assessment is a way to show employees they are a valued part of the organization.
Envision Global Leadership is a trusted leadership assessment and development company with decades of experience. With our validated assessment tool, LeaderNAVTM, we’ve helped companies assess key leadership competencies within their organization and worked to develop and support their future leaders.
1 Gallup. “Workplace: What millennials want from work and life.” Retrieved on March 29, 2019 from: https://www.gallup.com/workplace/236477/millennials-work-life.aspx
2 LinkedIn. “2018 workplace learning report.” Retrieved on March 5, 2019 from https://learning.linkedin.com/resources/workplace-learning-report-2018#