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Is Leadership Development Worth the Investment

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Successful companies know that they must invest in their employees and develop leaders from within. But leadership development is often hard to measure. Here are some reasons why we answer YES to the question "Is Leadership Development Worth the Investment?"

Learn more about the Leadership Challenge: http://leadershipchallenge.com

Published in: Leadership & Management
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Is Leadership Development Worth the Investment

  1. IS LEADERSHIP DEVELOPMENT WORTH THE INVESTMENT?
  2. Simply put, YES. LeadershipChallenge.com
  3. STUDIES SHOW THAT LEADERSHIP DEVELOPMENT YIELDS RESULTS IN: FINANCIAL PERFORMANCE TALENT ATTRACTION AND RETENTION ORGANIZATIONAL AGILITY EMPLOYEE PRODUCTIVITY LeadershipChallenge.com
  4. FINANCIAL PERFORMANCE LeadershipChallenge.com
  5. Companies that excel in leadership development experience substantially higher revenue growth and profit margins.¹ ¹ Boston Consulting Group. “From Capability to Profitability: Realizing the Value of People Management.” Accessed October 1, 2014. LeadershipChallenge.com
  6. Every dollar spent on leadership development has shown a return-on-investment of $2.20.² ² ASTD. “Using Leadership Development to Boost Return-on-Investment.” Accessed October 1, 2014. http://www.astd.org/Publications/Magazines/The-Public-Manager/Archives/2012/Summer/ Using-Leadership-Development-to-Boost-Return-On-Investment LeadershipChallenge.com
  7. Companies with high scores for their investments in human capital delivered stock market returns that were 5 times higher than other companies with less emphasis on human capital. (Stock prices of 11 publicly traded financial services firms.) ³ ³ Center for Creative Leadership. “Leadership Development: Is It Worth the Money?” Accessed October 1, 2014. http://www.ccl.org/leadership/pdf/news/EFMDogLeadershipDevelopment.pdf LeadershipChallenge.com
  8. TALENT ATTRACTION AND RETENTION LeadershipChallenge.com
  9. Providing leadership development for internal staff is more effective than hiring externally. LeadershipChallenge.com
  10. Internal candidates already know the organization and how to navigate it. It’s difficult and costly to recruit outside leaders to fill key positions.³ LeadershipChallenge.com
  11. ORGANIZATIONAL AGILITY LeadershipChallenge.com
  12. When facing changes in the business environment (e.g. organizational transitions from growth, acquisitions, reorganization), 86% 52% of companies with strategic leadership development respond rapidly to change with less mature programs. compared to LeadershipChallenge.com
  13. GREATER PRODUCTIVITY LeadershipChallenge.com
  14. The best leaders elicit 3 times the amount of talent, energy, commitment, and motivation from employees compared to their counterparts.⁴ ⁴ Kouzes, James M. and Posner, Barry Z. Great Leaders Make Great Workplaces. San Francisco. Jossey-Bass. 2013. LeadershipChallenge.com
  15. Organizations with leadership development enjoy these higher yields due to their effective leaders, and all effective leaders demonstrate The Five Practices of Exemplary Leadership® . 3 CHALLENGE THE PROCESS 4 E N A B L E OTHERS TO ACT 5 ENCOURAGE THE HEART 2 I N S P I R E A SHARED VISION 1 M O D E L T H E W A Y LeadershipChallenge.com
  16. The Leadership Challenge is a global campaign to liberate the leader in everyone. Learn more about it today. LeadershipChallenge.com

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