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Investing in leadership development might seem like a “nice to have” non-essential. But your business could be leaving serious value on the table by ignoring it. And HR leaders with an eye toward long-term progress should be pushing for it to be a priority.
In fact, one study found that organizations that implement leadership training can see as much as a 25% increase in key performance metrics like productivity and profitability—a compelling case for putting leadership growth at the center of your strategic planning.
Below, we’ll take a closer look at:
What leadership development plans are, and why they matter How to create a plan tailored to your team’s goals How to track and refine your approach over time
Learn more:
How to build leadership capacity at your company How to develop leaders at every level, including individual contributors What are leadership development plans?
A leadership development plan provides a framework for guiding an employee along the path to a leadership role. It ensures this personal growth aligns with organizational needs, ensuring employees are prepared to—when the time comes—step into such a position.
The purpose of these plans is pretty straightforward: to strengthen your talent pipeline
