When evaluating the strengths of your company’s leaders, it’s beneficial to look for fresh perspectives from within. Investing in the leadership growth of existing managers and identifying interested individual contributors for leadership development provides an advantage over external hires who require onboarding and lack institutional knowledge. Leaders are crucial to ensuring employees feel valued and heard. When organizations invest in leadership development programs, they create a solid internal leadership pipeline. Not only that, but the efforts also result in more engaged employees, greater innovation, and better overall business outcomes.

Managers are the (not-so-secret) secret to strong business performance

Managers are the (not-so-secret) secret to strong business performance There’s a direct connection between a company’s leadership and its business performance. Bad managers don’t just make the workplace unpleasant — they cost organizations billions of dollars each year. However, companies with managers who exhibit strong high-performance behaviors and practices see a 43% growth in shareholder returns over five years. Companies that invest in their managers and demonstrate that leadership development is an organizational priority see meaningful benefits.

This investment includes actions like outlining clear performance expectations, offering formal strengths assessments, and providing feedback and structured development opportunities to help hone leadership skills Good leadership isn’t just relevant for a company’s performance today — it’s critical for addressing skills gaps in the workforce and identifying and nurturing the leaders of tomorrow. Yet 35% of managers say they don’t have the resources to prioritize talent management, despite 77% of employees noting the importance of their manager’s support in their long-term success. Managers can have a significant influence on a company’s performance for better or worse. But what does this mean for how your company approaches leadership development?

This ebook will explore the lasting impact leaders have on a business and how investing in leadership capabilities can help a company meet any challenges that come its way

Link: https://business.udemy.com/resources/importance-manager-leadership-training