Lack of leadership is one of the largest barriers to growth at companies around the world. The primary talent challenge faced by the worldwide organisations is the development of new leaders; which is quite an urgent issue that requires immediate attention.
Skilled leaders run short, with 85 percent of the executives not confident in their leadership pipelines. Statistically, there are only 13% of the companies who state that they do excellent job developing skilled leaders at all levels.
Millennials are expected to comprise 75 percent of the workforce by 2025; which represent that soon enough they will become the leaders of today rather than the leaders of tomorrow. 66 percent of the companies claim they are “weak” in improving. Simultaneously, employees define opportunities to develop their own leadership skills as their priority for remaining with an organisation.
Currently, organisations are experiencing a training gap rather than a skills gap. This results from 61 percent of the companies who do not offer leadership training to their employees. Hence, there is a deficiency in leadership. Indeed, this shows that these programs are a need for the company for it to continue flourishing and growing with the help of its skilled leaders.
In addition, the performance of your leaders leaves a huge impact on your end result. Their investment will increase competitive advantage over other companies.
It is of utmost importance to understand your employees and their ambitions, in order to continue developing their personalities professionally to advance in their career. Most of the employees believe they would endure longer with a company if they saw stronger career paths.
It is also important to define what the organisational goals are and ultimately, it is the responsibility of the senior leaders and the key stakeholders to determine the type of skills needed to execute the company’s strategy.
It is beneficial to look at the leadership skills gap by surveying the employees and assessing how they feel on their job. In turn, this will help to identify what improvement can be done in enhancing the company’s culture by enriching learning experiences and adding more value.
Listing the targets and the steps to achieve those organisational objectives is essential. One should also create a tool to measure the organisation’s overall performance and growth.
Our team is ready to assist you in this respect. We help organisations to manage both the training and the skills gap, help organisations prepare themselves to develop employees through specific training and implementation of mentoring programmes. Please feel free to talk to us.