“48% of the workforce will be millennials by 2020 and 67% of millennials are looking for a new job.” With this being said, ask yourself, are doing all you can to develop employees to become future leaders? If not, what are the challenges you are facing in order to offer this progression? Many organisations are currently experiencing a leadership gap but aren’t implementing strategies and processes to develop their employees fully. In this blog we offer three ways in which you can progress their growth and benefit as a company.
Develop the Right People for Leadership
The main issue organisations face when planning training for their future leaders is, they don’t know who to invest into. When looking at your workforce you need to pinpoint your high-potential employees and develop their leadership skills, otherwise you’ll waste time and money on employees who have no desire to become a leader. How do you find the high-potential employees from your workforce, you ask? They will portray three characteristics that demonstrate they are potential leaders, and these are: aspiration, ability and engagement.
Provide Mentoring and Coaching Programmes
This is a massive area many organisations are missing out on as they have lots of potential within their businesses without giving them the right coaching to develop their progression. You are probably harboring a multitude of future leaders, but they haven’t been given the right training. Providing relevant mentoring and coaching programmes. With mentoring schemes, you are developing leaders within your company by people who know and use your processes. This means your future leaders will understand the ways of your organisation and grow. These mentoring programmes also offer your employees frequent feedback and coaching. When providing them with added responsibilities you want to stretch and expand their capabilities not overload them with work without supporting them and coaching them through the process. Through constant feedback you can evaluate their personal progress and highlight areas in which they may need to improve.
Create a Culture of L&D
“63% of millennials feel their leadership skills are not being fully developed by their employers.” In order to inspire your future leaders, it’s best to create and implement a culture for all potential leaders to recognise training growth and progression. Subsequently, this will encourage experienced employees to sign up for the mentor and coaching programmes that are being implemented. This sense of collaboration within the business means your retention and engagement with learning and development will be higher.