Low Cost Leadership Development And Its Importance

By Gary Smith


Business organizations have to have their leaders, and developing them either through recruitment or by picking them out of the office pool will entail the use of time and resources. Also, the search for good talent who can provide guidance and management is intensely competitive. Today, these are the people tasked to provide strategic and tactical strength to organizations in conducting business.

Leaders are not born but made, trained to be the movers and shakers in the business environment. Low cost leadership development is something that is organic to an organization, and a much needed resource today. It is also a program made to search out, monitor and guide talent in preparation for bigger roles.

For most companies, the necessity is for fitting candidates into conflated roles, to make them work for bigger stakes. There is also need for fitting them into culture and mission, so that it will take time to develop them, and this can fail when rushed. Management always studies the lay of the land and make programs for the creation of leaders, and should have a very flexible view on these matters.

Vision, diversity, innovation and flexibility are the most important drivers of these programs. And keeping the costs low means that companies should ideally start from the bottom up. That is, they need to find the best talent on the entry levels and not in mid careers, when attracting talent becomes highly specific on an individual and costly basis.

Companies can practice a process of tracking and mentoring for talent starting from the hiring onwards. Thus, recruiters, HR and personnel departments must know how to identify potential candidates during hiring, and to tag these for development when hired. This is the way to have a development program organic to your organization.

In attracting established leaders from other organizations, your company probably has some things in mind. This might be a recruitment thing, but the need here is also a developmental thing. From the start, these candidates need to connect to your vision of what they could be and should be for your company, and this takes some development to do.

This is the costliest of processes and are specific and targeted so that it is not done often. Also, the benefits of having these people in should be weighed against the costs. This means that these have the most potential of creating success for your company and they should be able to deliver on this almost from the start.

Volunteering and working on initiatives based programs should be an option for your employees. These have the ability of creating the necessity for people to see their way through to leadership roles. When their interest is at par with what they can accomplish, this is the time to give them further encouragement with some further training or perks.

Getting to know the people who can fill leadership roles is something basic to your company. Step ups must be acceptable to everyone, while direct hires stand a good chance of turning into bad decisions, so balance is only achievable in well run organizations. A company must always be on its toes for using its strengths and eliminating its weaknesses in this area.




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