Why Low Cost Leadership Development Is Good Business

By Gary Smith


Businesses are run by their lead personnel, and effort, time and resources are consumed in the process of developing these from recruitment programs or inhouse talent pools. The competition for talent also affects this process, and it is highly competitive in this day and age. These people are those needed to parts of a company and constantly provide strategic and tactical guidance.

Leaders are not born but made, trained to be the movers and shakers in the business environment. Low cost leadership development is something that is organic to an organization, and a much needed resource today. It is also a program made to search out, monitor and guide talent in preparation for bigger roles.

For any company, it is always necessary to fit people into the bigger picture, to acclimatize them to culture, mission and policies. Developing leaders is no easy task and can fail when rushed or the development is haphazard. Top management takes its time to study and create programmatic models for creating its company leaders.

Innovation, flexibility, diversity and innovation are the factors that should influence your program. To keep costs low, this should start right at the beginning for developing potential future leaders. This means that they have to look for talent when hiring at entry level, keep hiring for midcareerists at the minimum, because at this stage recruiting them is costly.

Companies should be able to practice a mentoring process that ideally starts right after hiring potential candidates. HR and recruiters need to be on their toes for those applicants who can be leaders, and right at the start put them on the path of development. This makes the process organic to your company.

In attracting established leaders from other organizations, your company probably has some things in mind. This might be a recruitment thing, but the need here is also a developmental thing. From the start, these candidates need to connect to your vision of what they could be and should be for your company, and this takes some development to do.

These processes are probably the most expensive, so you need to weigh your choices and do some specific targeting. Getting these kinds of people has to be very cost effective, for one. The cost of hiring them must be outweighed by the things they can do for you.

Volunteerism and initiatives based work should also be part of the running of your company. These enable your people to know what they can do based on their own understanding of their skills. And when they display an interest for getting into leadership positions, some benefits and relevant training for more skills should be offered for those who pass the qualifications.

Identifying the right people is intrinsic to leadership development, and picking them out and making them step up should be something acceptable to all. Direct hires for leadership positions can often end up as bad decisions and the balance must be found somewhere. The company is responsible for finding its weaknesses and identify its strengths in this regard.




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