When most firms seek to improve leadership skills through a leadership training course, typically (and completely understandably), the goal is to enhance managers’ skill sets with a view to boosting productivity and efficiency across the board. It’s the reason why we at The Skills Farm are so consistently focused on workplace performance.
Alongside this, there are some less obvious benefits to leadership training. While they might not be as easily noticeable, they are no less valuable. Here’s a rundown of some of those benefits.
- Leadership training boosts employee retention
According to the UK Commission for Employment in Skills (UKES), almost a quarter of job posts go unfilled due to skills shortages. What’s more, with an estimated 750,000 new digital jobs expected to open up by 2020, the tech sector in particular is very much on the sharp end of the skills gap.
A top priority for any firm is to hang on to the talent you currently have. A survey from Glassdoor from last year reveals the main reasons why employees quit: these include employees who feel they have been in the same place “for too long”; those who “didn’t approve of their boss” and who “didn’t like the company culture”.
By investing in leadership training; by giving your people what they need to inspire a sense of purpose in their teams and by focusing on communication skills, you can significantly reduce the likelihood of your staff feeling that it’s time to go. Invest now to avoid unnecessary recruitment costs further down the line.
- Training is a valuable employee perk
Silicon Valley and New York offer average salaries for their workers that are respectively 38% and 35% higher than London. You might not be able to compete like for like on salary, but, this isn’t the whole story. Personal development can be promoted as a valuable perk: it’s going to be especially valued by those individuals who perhaps have impeccable credentials, but who are lacking in leadership know-how. If you make it clear that Institute of Leadership Management-approved training is something that’s available through your organisation, it can help set you apart from the crowd as an attractive career destination.
- Training uncovers hidden talent
Leadership training doesn’t have to just be about “polishing” the skills of managers. It can also be about proactively hunting out hidden leadership potential from lower down the ranks.
For instance, you might have a developer who was hired primarily for their coding skills. The employee appraisal process reveals that the employee has demonstrated the aptitude you would want to see in a manager. It then becomes a matter of devising a tailored approach to developing those skills. This is where formal leadership training can prove to be especially valuable.
- Provide networking opportunities
At The Skills Farm, we’re especially keen to ensure that participants stay in touch; to combine their ongoing experiences so that they can learn from each other. Participants can make wider connections; something that’s certainly attractive to employees – as well as potentially raising the profile of the firm as a whole.
- Improve perception of your company
On one level, training helps to make your organisation “better”: more productive and more focused on meeting customers’ needs.
At the same time, the very fact that you are identified as an organisation that commits resources to properly training its people can help to boost outside perceptions of you. Whether it’s big new clients, shareholders or potential backers, you are telling the world that you take management and leadership seriously.
The right training course for you will benefit everyone: from individual participants right through to your customers.