Developing leadership and management expertise and skills is an investment no business should overlook. Companies and organisations, big and small, operate more efficiently and are generally more successful when led by an effectual management team. Well-trained managers help boost morale and set clear objectives, aiding company success, amongst a whole host of other profitable benefits.
Take a look at the following reasons why investing in leadership and management development is an invaluable company outlay.
Mapping out structured performance evaluation systems
A basic of sound, solid management is the ability to set clear objectives and provide open and honest feedback and communication through structured performance evaluation systems.
Leadership and management training focuses on ways to carry out effective and valuable structured performance evaluation systems, designed to set out tangible, comprehensive and attainable performance analysis and objectives.
By openly and honestly discussing employee performance and objectives, performance analysis programmes can be an effective way to motivate members of staff and encourage an improved, more honest working relationship between employees and their managers.
More engaged workforces
Effective leaders are skilled at engaging workforces. Engaged employees are motivated by purpose, trust, integrity and a challenging and stimulated working environment. Quality leadership built around training and development, is competent in creating an engaged culture in the workplace that has systems in place for employee advancement, performance evaluation and is generally centred around honesty, purpose and trust.
Research has proven that quality leadership has a direct influence on engagement in the workplace. As Dale Carnegie writes in a whitepaper on Building a Culture of Engagement: The Importance of Senior Leadership:
“From the quality of the people they hire, the resources and training they give them, the level of communication with employees, to the way employees are compensated, the climate of the working environment is a reflection of senior management.”
Boost morale and improved retention rates
As Forbes notes in a feature about why companies should invest more in management training, managers that are well trained and competent are often more respected within an organisation. Well-respected managers that have a good rapport with employees can help boost morale at work. Improved morale often leads to better staff retention rates as workers are generally more content at work and less willing to find a new employer.
A more productive workforce
From production lines to staff development, sales techniques and customer relationship management, a quality management team with strong leadership qualities excels in proficient working operations and practices.
Quality leadership and management ensures all teams within a business are working at their optimum, which ultimately helps improves a company’s bottom line.
At a primal level, good leadership is having the ability to understand people, emotionally. By investing in leadership and management through training and courses, today’s managers can learn the skills required to develop and retain consistent leadership, which can increase the productivity of a team and ultimately the company.
Key to sustainable growth
Effective leadership and management has been pinned on driving sustainable economic prosperity and growth.
With strong, decisive leadership, innovation is fostered and the potential of a workforce is unlocked, enabling businesses to develop strategies centred on nurturing productivity and growth.
According to research by Creative Blueprint, ineffective management is estimated to be costing businesses in Britain more than £19 billion every year in lost working hours. High quality, effective management significantly improves employee engagement and has been associated with increasing labour force output by 25%.
Different types of leadership and management courses available
There is a whole host of leadership and management development courses available, designed for managers and those wanted to enter management to develop management skills and maximise the potential of their professional leadership capabilities.
Such courses are available for all levels of management, from junior managers to senior, through to director and CEO leadership courses and qualifications. An example of a junior management course is the CMI Level First Line Management course, offering junior managers and supervisors who are responsible for defined operational activities, the chance to build and develop existing management skills and knowledge.
What might seem like quite a hefty initial outlay of money, time and resources, investing in leadership and management training can prove to be an invaluable long-term outlay for companies of all sizes and sectors.
