Development of Executives
Leadership program with effect
Many companies have a leadership program in place that unfortunately turns out not to have the desired effect. In a recent study, 75% of 329 companies surveyed said that the output of leadership development was “not very effective”.
Yet, 350 billion dollars is spent annually on leadership development. It’s a worthwhile investment if it can be done properly, as around 30% of job changers cite poor leadership as a reason for their change. Furthermore, Gallup has identified that up to 69% of employee engagement is directly linked to the immediate manager. So it’s clear how costly poor leadership is for companies, even if it’s difficult to observe directly in the accounts.
Good leadership requires that you know yourself as a leader. It requires knowing your employees. Identifying their talents from the talent test provides a deep insight into how their brain works and clarifies what truly drives them to success.
Train your managers to succeed with talent
These alarming figures clearly show the challenges of poor leadership. The follow-up question is then why 75% of leadership programs are described as not very effective.
We postulate that the majority of leadership development is focused on skills and tools for the leader, but that’s the wrong place to start. Researchers have taken a closer look at the problem and have recommended that it is appropriate to work with your cognitive affective processing system.
In short, the way leaders think is the basis for how they receive, process and act on information from the outside world. It is this cognitive system that determines how leaders use the tools that traditional leadership courses and programs give them. There is no point in giving more tools if there is a lack of understanding of how they are used.
Improve your bottom line through talented leadership
How does this translate into better leadership development in practice? Our customers use the TT38 test to identify a leader’s talents. The talents are the basis for the patterns and habits that the leader exhibits, which is the result of the brain’s predictive coding.
This is where the work with leaders starts, as we can use the talents to see what patterns they act in and then make adjustments if there is inappropriate behavior. Insight into leaders’ talents provides an understanding of what beliefs they hold and what barriers to development they face. Armed with this self-knowledge, the leader can more effectively address challenges in the organization.
We end with a quote from Kirstine Andersen’s book Kierkegaard og ledelse:
“Only when the leader reconciles himself to the fact that he is the way he is can he develop. Only when the leader reconciles himself to the fact that others are the way they are and he cannot fundamentally change, is it possible to get them to act differently.”
DID YOU KNOW?
A META-ANALYSIS OF 1.2 MILLION PEOPLE SHOWED THE FOLLOWING RELATIONSHIP BETWEEN TALENT-BASED EMPLOYEE DEVELOPMENT AND COMPANY OUTPUT:
– Customer engagement: 3.4-6.9% increase
– Employee engagement: 9.0-15.0% increase
– Profit: 14.4-29.4% increase
– Sales: 10.3-19.3% increase
– Low churn: 5.8-16.1% reduction
– High churn: 26.0-71.8% reduction