Millennials now make up the largest percentage of the workforce--around 35% of those currently employed or looking for work--which means that millennial employees are shaping the way many employers handle recruiting, training, and employee retention. If you're hoping to increase employee retention levels at your workplace, there's one key factor that you'll need to take into consideration: providing adequate learning opportunities. Millennials don't just view their jobs as a stopping place. That is, the goal isn't to simply attend college or training, get a job, and stay in it permanently. Rather, millennials look at jobs as opportunities to further their professional capability. Each job is a stepping stone: an opportunity to learn more, gain more knowledge and learning, and further their employment potential. For employers, understanding this mindset is critical to keeping millennials on their team.
Your managers aren't passive members of the team who are simply there to instruct your employees. Rather, they're incredibly valuable members of the team--and they're urgently seeking training opportunities to help make them better at their jobs. Not only that, your managers need training opportunities: many of them are struggling to adequately coach and mentor employees. If you've been on the fence about whether you need to provide better training opportunities for your employees, consider these key reasons why manager training will benefit both your employees and your business.
Leadership training is designed to push individuals beyond their current capabilities to perform in leadership roles within the company. An effective leader provides balance for the whole team, has excellent business ethics, and a strong strategic direction, helping to grow and develop the business effectively. For this reason, organizations have become more aware of the value of leadership training and are now more focused on investing in leadership training to improve employee rapport.
The difference between a good company and a great company can be linked to many factors, but perhaps one of the most compelling drivers of success is great leadership. Strong leadership can turn a high-turnover employee pool into a committed, engaged workforce; it can spur innovation and creativity where others are stumped by challenges; and it can empower individuals to take ownership and pride in their work instead of passing the buck. Any company or organization that places a priority on strong leadership will reap the benefits in every aspect of their workforce and their company's performance.
There are books on leadership, conferences to help leaders hone their skills, and many companies even have a mentoring program in order to cultivate home-grown leaders. There are podcasts, webinars, Twitter accounts, and just about every other form of media that helps foster leadership skills. And the reason for this is that leadership is difficult. It comes naturally to very few people. It takes dedication and a willingness to learn.
How to Increase Leadership Productivity by OVER 50% and Save $1,661,737 in Turnover Costs
The NEW Way to Level Up Your Leadership FAST
"Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it's amazing what they can accomplish." ~ Sam Walton
When it comes down to it, running a successful company requires two things: having talented employees and a great product or service. Hire the right people to develop a marketable, rave-worthy product, and you're golden.
As online technology continues to transform enterprise systems and expand markets, organizations can easily find themselves neglecting leadership training while focusing on technology upgrades. While adopting and integrating innovative technology systems is important, organizations still need effective leadership to manage and optimize their potential. In an effort to help, let's examine 4 benefits of providing leadership training.