5 Ways to Build a Better Leadership Development Program - Webinar 05.14.14

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In this webinar we'll provide you with four best practices from Fortune 500 companies that have successfully met the challenges faced by today's leaders and offer you tools for implementing leadership development initiatives in your organization.

What you'll learn:
- Importance of Leadership Development

Best Practices including:
- Strong executive involvement
- Use of tailored leadership competencies
- Alignment with the business strategy
- A “leaders at all levels” approach
- An integrated talent management strategy in which leadership development plays an integral role

Published in: Business, Education
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5 Ways to Build a Better Leadership Development Program - Webinar 05.14.14

  1. 1. WAYS TO BUILD A BETTER LEADERSHIP DEVELOPMENT PROGRAM
  2. 2. 6,000+ Courses. 25 Topic Areas. Unlimited Access. Improve your employees' performance with the largest and fastest-growing library of on-demand training videos and eLearning courses today!
  3. 3. We have re-evaluated leadership competencies for our organization in the past 6 – 12 months. a. No, we don’t have established competencies. b. No, we haven’t re- evaluated. c. No, but we’d like to. d. Yes, we have.
  4. 4. What You’ll Learn: 1. Why leadership development is important 2. Challenges faced by today’s leaders 3. Leadership development best practices
  5. 5. and more than 50% will be Millennials. U.S. Bureau of Labor Statistics The number of people aged 65 and older will double between 2010 and 2050. By 2020, 25% of the workforce will be older adults aged 55 and up…
  6. 6. With each generation entering the workplace, a greater emphasis is placed on continual development as these new employees know that they are unlikely to stay more than a few years; …it’s about what they can develop and acquire to take to the next stop in the career journey. We know that effective leaders are one of the most important influences on levels of engagement. Rebecca Ray, Employee Engagement in a VUCA World
  7. 7. BIZLIBRARY.COM External Internal What do you need your leaders to do to be successful? Challenges Faced By Our Leaders
  8. 8. Great Man Theories – leaders are born, not made. Group Theories – leadership emerges in small group settings. Trait Theories – there are universal leadership traits that can be taught and learned. Behavioral Theories – behavior patterns that results in leadership success. Contingency/ Situational – leadership behaviors in specific situations. Excellence Theories – the interactions between traits, behaviors, key situations and group facilitations allow people to lead. Transactional and Transformational – motivation, alignment and sometimes values.
  9. 9. BIZLIBRARY.COM Leadership in Your Organization Where we are going and why? VISION How we will get there? STRATEGY
  10. 10. BIZLIBRARY.COM Leadership Development Best Practices Strong executive involvement Tailored leadership competencies Alignment with business strategy Target multiple levels of leadership LEADERSHIP DEVELOPMENT BEST PRACTICES Learn by doing
  11. 11. Executive Involvement Make a clear connection between improving your leadership’s performance and improving bottom line results.
  12. 12. Impact on Business • Financial Results • Key Employee Retention* • Improve Organizational IQ * The American Management Association estimates that the direct cost of losing a key employee is between one year and 18 months’ salary.
  13. 13. Measuring the Impact • Employee engagement • Customer satisfaction • Retention • Output • Quality • Cost • Time
  14. 14. Leadership Competencies • Focus on development of people • Look to the future • Maximize potential • Focus on growth & education • Challenge the status quo • PERFORMANCE!!!!!
  15. 15. Training focuses on best practices, while development focuses on next practices. The #1 Reason Leadership Development Fails Mike Myatt, Forbes
  16. 16. COLLABORATION LEARNING AGILITY PEOPLE DEVELOPMENT DIGITIAL LITERACY GLOBAL CITIZENSHIP Vision Interpersonal Skills Ability To Develop Others Intelligence Character
  17. 17. Align with Business Strategy • Successors • High potentials • Bench strength • Set standards • Culture norms • Develop and engage employees
  18. 18. Target Multiple Levels Executive Level Technical or Professional Mid-level Frontline and New
  19. 19. EXECUTIVE LEVEL Higher level leadership skills such as motivation, strategy and innovation Peer to peer collaboration Highly focused development plans and executive coaching
  20. 20. TECHNICAL OR PROFESSIONAL Leadership fundamentals, business acumen and communication skills Project Management and formal certification Learning at the time of need and on-demand reference material
  21. 21. BIZLIBRARY.COM Major Managerial Skills Gaps 1. Coaching 2. Performance appraisals 3. Developing others 4. Managing change 5. Communications 6. Business acumen Mid-Level Leaders Bersin by Deloitte , Current Capabilities by Role, December 2011
  22. 22. MID-LEVEL Blended learning supported by performance support resources Learning resources targeted to their role of managing other managers Job rotation and stretch assignments for growth Feedback and mentoring
  23. 23. FRONTLINE Leadership fundamentals, business acumen and communication skills Hands-on direction, mentoring and training opportunities Engaging, self-paced, technology-based learning solutions Learning at the time of need and performance support
  24. 24. Learn By Doing Rotational Assignments Action Learning Projects Mentoring Coaching
  25. 25. BIZLIBRARY.COM Leadership Development Best Practices Strong executive involvement Tailored leadership competencies Alignment with business strategy Target multiple levels of leadership LEADERSHIP DEVELOPMENT BEST PRACTICES Learn by doing
  26. 26. BIZLIBRARY.COM Excellence in Leadership Program When leaders understand the big picture, we are able to work together more efficiently and produce the best collection of products and systems for our customers. Kristen Nazario, HR Director, Bally Technologies
  27. 27. BIZLIBRARY.COM Corporate Commitment Customer Focus Goal Attainment Intellect Leadership Operational Issues Personal Interaction Self-Focus Values Gaming 101 Bally Product Excellence in Leadership Program
  28. 28. BIZLIBRARY.COM Excellence in Leadership Program “Our Leadership Development Program has contributed to better collaboration and synergy among departments – we are a global company that develops, manufactures, and services numerous systems and products, when leaders understand the big picture, we are able to work together more efficiently and produce the best collection of products and systems for our customers.” Kristen Nazario, HR Director, Bally Technologies
  29. 29. BIZLIBRARY.COM 2-5 minutes long CEOs, business authors and experts share an action- oriented key takeaway on very specific topics. Global business leaders share lessons learned. LEADERSHIP LESSON VIDEOS
  30. 30. BIZLIBRARY.COM Course: Let Managers Learn From Their Mistakes Target: Managers Course Title: QuickTalks: Rob Kaplan: Leadership Lesson: You Must Ask the Right Questions to Adapt Target: Leaders at All Levels
  31. 31. BIZLIBRARY.COM Free trial of the BizLibrary Collection 6,000+ Courses. 25 Topic Areas. Unlimited Access. Improve your employees' performance with the largest and fastest-growing library of on-demand training videos and eLearning courses today!
  32. 32. BIZLIBRARY.COM Chris Osborn Vice President of Marketing cosborn@bizlibrary.com @chrisosbornstl Jessica Batz Marketing Specialist jbatz@bizlibrary.com @jessbatz @BizLibrary

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