Why Leadership Development is more important than ever

Why Leadership Development is more important than ever

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There's a famous quote in hiring and recruiting circles that, once you hear it, you can't forget: "People join a company. They leave a boss."

Recruiting site Glassdoor recently did a survey and found that it's true, at least in part. It found the top three reasons people choose to leave their positions for a new job elsewhere are more money, a bad boss and they're bored with no career development.

If you've had open positions to ll within the last year or so, you know it's a job seeker's market out there. The unemployment rate is at rock bottom, with no signs of changing

anytime soon. That's great for the economy, but not so great when your star salesperson leaves for greener pastures and you're the one in charge of replacing her.

Hiring the right people is, and always has been, mission critical, but now retaining those people is even more important than ever before. In any economy, the downtime as you search for a replacement and subsequently as that replacement gets up to speed is a drain on any company's bottom line, but now, nding that replacement is more dif cult.

All of those reasons people leave their jobs -- compensation, bad bosses and career development -- can be solved with one thing. Leadership Development.

All of those reasons people leave their jobs -- compensation, bad bosses and career development -- can be solved with one thing. Leadership Development.

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What makes great leaders great?

Look around at your current leadership -- managers, supervisors, the C-suite. Now take a look at the pipeline of possible successors. What do you see? Do you have a robust team of current leaders at the helm, and a pipeline of future leaders being developed to succeed them?

The rst place to start in answering those questions is to think about what makes a great leader. It has often been said that great leaders aren't large and in charge, running the show solo with the kind of brilliant decision-making only they can supply. Rather, great leaders are committed to the people in their charge, making sure everyone along the food chain succeeds, develops, grows and is happy.

The 12 Most Fundamental Skills CEOs Expect From Their Leaders:

? Communication ? Customer Focus ? Decision-Making ? Delegation ? Developing Productive Teams ? Leading Through Change

? Managing Energy and Time ? Negotiation ? Planning and Prioritizing ? Problem Solving ? Recruiting and Retention ? Strategic Thinking

How do your leaders stack up to that list? The fact is, people can spend their entire

careers acquiring these skills through hard-won experience. But, in this marketplace when it's more critical than ever to keep good people, not only at the leadership level but all along your company's food chain, who has that kind of time?

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Pain points in the workplace

Challenges in today's workplaces mean the need for developed, caring, skilled managers who can navigate the changing seas of today's employees. Here are just a few of the issues leaders are facing:

Multiple generations:

Five generations are in the workplace today, more than ever before. Each has its own learning styles, communication preferences and management styles.

#MeToo:

The #MeToo movement brought workplace harassment to the forefront, and companies need to act to end harassment in all forms.

Glassdoor:

Employer brand is more important than ever, with sites like Glassdoor offering employees the opportunity to post anonymous reviews of what it's really like to work in their company. Leaders can't just talk the talk anymore. They must walk the walk.

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Multiple generations

We've got ve generations in the workplace today. Traditionalists, born before 1946; Boomers, born between 1946 and 1964; Gen X, born between 1965 and 1976; Gen Y, or millennials, born between 1977 and 1997; and Gen Z, born between 1997 and 2011.

Multigenerational workplaces mean a diversity of thought and intention, and that's a good thing. But that also means great diversity in how people need and expect to be managed, developed and treated.

It requires leaders who are adept at communicating, empathizing and understanding.

Our workplaces are more multigenerational than ever before.

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