Several employers in the region have told us they need to develop new supervisors for improved productivity. Despite tight training budgets, there are low-costs ways to enhance the front-line supervisors’ performance. Front-line supervisors play an integral role in coaching and training what is often the largest segment of organizational teams.
Every organization is looking for ways to increase productivity, and often the tendency is to throw more money into technology resources. But technology is only as good as the people using it! Training your employees to use the technology you already have can be much more efficient and cost-effective than buying new resources.
Why is leadership development so important? The simple answer is ROI. A 10-year study by Accenture showed that companies perceived as having good leadership had 900% growth vs. only 74% growth (over the same time period) for those lacking in leadership. In its Top 40 “Best Companies for Leaders,” Chief Executive Magazine ranks companies based on their leadership development programs, commitment to leadership development, and shareholder value performance (among other factors). Among this best-of-the-best group, the top 15% of companies saw market capitalization growth rates that were 33% better than the bottom 15% in 2013, and all of the top 40 saw growth rates above 50%.