Depends on who you’re talking to. If you’re talking to someone in management at a company, the answer is probably yes, and it’ll be for your benefit. However, suppose you are speaking with someone looking for the value of a leadership development program. In that case, they will likely view it as more of a personal, professional development or personal growth tool that has benefits for the individual and not so many benefits that somehow trickle down onto their organization.
One of the biggest benefits of a leadership development program is the improved quality of leaders you can create.
Whether by developing leaders to guide your organization or learners to improve themselves as leaders, many benefits come directly from a leadership development program for an office.
And another benefit is that it improves the quality and morale of your whole department. Constant learning and improvement are only beneficial for humans and even more beneficial for everyone working in that department.
There are major benefits that come out of this process.
Improved Leadership Value Mandate
By creating leaders, or learners in the learning process, you are showing them that you value their leadership skills and that they have value to the company. The better they feel about themselves and their job, the better they will work and perform for your organization.
Fosters a More Efficient Workforce
The improved morale or motivation has a ripple effect in all
department areas. As a result, you will have better sales, customer service and shipping results. You will also have fewer complaints from employees, and they just need to know they are valued.
Increases Productivity and Decrease Turnover
You’ve probably heard that employee turnover is one of the biggest reasons for the loss in revenue. On top of losing money, you also lose time and money as it takes time to seek a replacement, train them and then get them up to speed.
Improved Self-Esteem Outlets
This benefit comes from leadership development, but it’s a two-way street. Employees who are learners and have been on a leadership development program have the outlet for self-improvement; they can get new skills, learn new things and attribute their personal growth to having a company that supports that.
Higher Agency or Employee Recognition
This is slightly opposite of the above benefit. Implementing a leadership development program that includes recognition for your employees or agents can increase morale in all areas. People will feel good about themselves and their job security when they know they are being recognized.
Turnover is Decreased
The Turnover will decrease in the department because you are retaining good employees. With that, you also have fewer training pieces and fewer people who need to be trained. Your training efforts are focused on the new hires or people promoted into new roles. You can also implement a leadership development program that helps your employees advance into higher roles within their current job. This helps retain talent and train internally to reduce costs even more.
Your training in sales management will probably not go over very well if your leaders are not taking the time to invest in themselves and their personal growth. This creates a better and more positive influence on the people around them because they can see that it’s important for all of them to get better at their job. This boost in morale will end up being a benefit for your whole department as they all see that they have the opportunity to improve themselves individually or as a team, and the company is investing in their personal development.