Unfortunately, leadership development can sometimes be limited to only top level officials and positions, while many times this can actually create a level of stagnation for employees altogether.
The bottom line is that without a consistent training program that improves how leaders function in accordance with changing workflows, etc. Without a training program, some results can include employee satisfaction, turnover rate, and employees who simply do not want to engage further in the company.
Decreased employee engagement
A study conducted by Corporate Productivity found that half of managers across U.S. companies have to keep their best employees in their current positions (as a means to talent hoarding).
The most efficient of companies across the U.S. were more than twice as likely to prioritize the movement of talent to either different departments or moving upwards internally. On the other hand, companies with the lowest efficiency are 2.5 times more likely to prioritize other goals focused on talent movement or management.
When employees move on
Poor leaders also negatively affect talent management. The Society for Human Resource Management (SHRM) has also confirmed that solid leadership directly contributes to factors such as turnover and employee retention rate.
The lack of leadership training opportunities can cause employees to not only get bored, but also develop negative feelings towards the institution they work for. If employees don’t feel valued or believe there is an upward trajectory of job growth internally, the good employees will without a doubt find opportunities elsewhere.
Many leaders are not “natural” and without proper training, there is a slim chance they will succeed. Investing in effective leadership programs to grow employees will have positive long term results for the company. Leaders at all levels need the right training to guide their employees to succeed in the workplace.