Leadership training is more important than ever in 2019. If you’re on the fence about whether leadership training is worth the investment, here are a few reasons that we at Grace Strategic Services, Inc think you should consider.
1. Over half of all employees leave their job because of bad leadership.
According to Randstad, 60 percent of survey respondents stated they left their job or considered leaving due to poor management or a bad boss. Investing in leadership seems like a no-brainer considering the cost that goes into training new employees. Millennial turnover alone in the United States costs the economy about $30.5 billion every year.
2. Millenials Desire Learning and Development Over Almost any Other Job Perk
52% of Millennials would rather take a job where they can advance through the company, rather than a job that has higher starting pay, according to Litmos. In 2016, Millennials became the largest generation in the labor force and by 2030, they will make up over 75%, according to the U.S. Bureau of Labor and Statistics.
3. Some of Your Best Future Leaders Depend on Training
Without leadership training, leadership roles often fall into the hands of the most aggressive candidates. These do not always make the best leaders and without a proper strategy, companies are at risk of losing some of their highest quality candidates.
4. Better Implementation of Goals
A team with no clarity cannot achieve their goals. To achieve a goal, employees need a clear picture of what their role is in the company. Without clarity, turnover will rise and productivity will plummet. If you think about any successful business, they typically have a clear mission statement and can effectively execute their actions through employees that have a solid understanding of what they are doing and why.
5. Retain Your Quality Employees!
Employees that are continuously asked to give feedback and included in decision making within a company are more motivated and highly engaged (which leads to higher job satisfaction, decreased call-ins, happier employees). To allow more employees with leadership training, you’re allowing everyone a fair chance at developing leadership tools. These tools will help your employees feel valued, give them a chance of growing professionally, and increase their confidence and motivation to increase productivity.
You do not have to be born a leader, you can develop these skills. Leadership skills can inspire and influence your employees. Leadership training will help your company by attracting and retaining quality employees while developing a clear direction for where your team is headed. Your company will have all around happier employees- which will only make your company prosper in the long run.