Organizations of all sizes can benefit from leadership assessment, but to have a positive effect on your company, you need to choose the right software. Understanding how assessments work will help guide your decision to use the best tool available.
Leadership assessment is important for all businesses, regardless of size, because every organization benefits from strong leadership. Leadership assessment can identify employees with high potential that can help during a reorganization, provide stability during times of growth or even identify company-wide competency gaps.
An often debated question is whether leaders are born with the skills required to successfully lead a business or organization, or whether those skills are learned. In truth, it’s a bit of both. A successful transformational leader displays a number of behaviors that can engage employees, create a strong vision for the future—both for employees and the organization—and believes in developing the skills of people around them.
There are many ways to categorize leaders. A useful way for many organizations is to differentiate transactional leaders from transformational leaders. It’s important to understand different leadership styles because certain organizations—or positions—benefit more from one over the other.
Emotional intelligence is the ability for a person to perceive, use, understand and manage their emotions and has been shown to be as important as mental intelligence for effective leadership. Three specific traits have been associated with high emotional intelligence: self-management, social awareness and relationship management.
There are a variety of leadership assessment tools available. It’s important to choose the one that can easily—and efficiently—identify and build talent within your organization. Envision Global Leadership (EGL) has developed a proprietary software, LeaderNAVTM, that can assess key leadership competencies and compare results from multiple leadership candidates. Additionally, EGL provides individual feedback sessions and development planning, as well as ongoing support, coaching, and reviews.
Progression planning is a way to ensure your organization can meet its future leadership goals while also providing employees with professional development—which is extremely important to today’s workforce. By utilizing empirically designed and validated leadership assessment software, an organization has the information it needs to successfully develop plans to help strengthen competencies of future leaders.
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.
Ongoing leadership assessment is extremely important, but it’s equally important to use the right software. In order to be effective, leadership assessment software should be unbiased, use a validated and reliable methodology and be easy to use and implement.
Why Use Leadership Assessment?