All businesses can benefit from a corporate leadership development program, but few know how to successfully implement one at their organization. First, you need to understand leadership gaps and future needs, and then have a plan to identify and develop employees to fill those vacancies. It’s also important to have a system in place to measure and benchmark results.
Understand the Organization’s Needs
A corporate leadership development program requires strategic thinking about the long-term goals of the business and identifying current and future leadership gaps. For example, a rapidly growing business will likely need to fill multiple leadership roles in a variety of departments while an established business will need to address the vacancies created by retirements.
After identifying leadership gaps, you’ll need a plan to develop current employees to match those targeted positions. This requires understanding a candidate’s current strengths and areas for improvement. It’s crucial that this type of assessment is objective and not simply based on past performances.
Develop Leaders, Don’t Simply Train
Personal development plans can then be established for employees to effectively fill future leadership positions. Remember, you cannot train someone to be a leader, instead, you need to devote the resources to develop a person’s behaviors and competencies through teaching, coaching and mentorship.
After completing a personal development plan, your business should have a reliable way to measure the results of an employee’s progress. A successful corporate leadership development program needs to incorporate this type of benchmarking process to ensure that development resources are being properly utilized and meeting your business needs.
Choose the Right Leadership Assessment LeaderNAVTM can help businesses of all sizes with their corporate leadership development program. Our objective and validated Leadership MultiRater assessment provides a thorough overview of an individual’s strengths and derailers—which can be used to create personal development plans.
You’re also able to view a single-page overview of employee assessments which helps with company-wide strategic planning. Our software is available as a yearly license so that follow-up assessments can be administered to ensure personal development plans are successfully working.
Envision Global Leadership is an established leadership assessment and development company with decades of experience. With our proprietary assessment tool,
LeaderNAVTM, we’ve helped companies assess key leadership competencies within their organization and helped them develop and support future leaders.
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