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Why Low Cost Leadership Development Is Good Business

By Gary Smith

Businesses are run by their lead personnel, and effort, time and resources are consumed in the process of developing these from recruitment programs or inhouse talent pools. The competition for talent also affects this process, and it is highly competitive in this day and age. These people are those needed to parts of a company and constantly provide strategic and tactical guidance.

Leaders are not born but made, trained to be the movers and shakers in the business environment. Low cost leadership development is something that is organic to an organization, and a much needed resource today. It is also a program made to search out, monitor and guide talent in preparation for bigger roles.

Companies find it necessary to have potential leaders develop into bigger pictures, to help them adjust and fit into the culture and policies. Leadership development will take time and when rushed could spell failure for a program. The management is always studying how their programs are able to develop better and more effective leaders.

Diversity, innovation, flexibility and vision are the needed drivers for this kind of program. And to save on spending for it entails the need for starting out right where everything starts for most everyone. And this should be at the entry level, while recruitment for midcareerists should be limited, because this is one thing that makes development costlier.

Organizations should keep a system of leadership mentoring that starts with recruitment, HR or personnel departments. This means that the eye for leaders is something basic in hiring, and it is a must to tag those hires specifically taken for future leadership roles. In this way development is organic to any organization.

In attracting established leaders from other organizations, your company probably has some things in mind. This might be a recruitment thing, but the need here is also a developmental thing. From the start, these candidates need to connect to your vision of what they could be and should be for your company, and this takes some development to do.

These processes are probably the most expensive, so you need to weigh your choices and do some specific targeting. Getting these kinds of people has to be very cost effective, for one. The cost of hiring them must be outweighed by the things they can do for you.

Volunteerism and initiatives based work should also be part of the running of your company. These enable your people to know what they can do based on their own understanding of their skills. And when they display an interest for getting into leadership positions, some benefits and relevant training for more skills should be offered for those who pass the qualifications.

Leadership development starts with the basic need and a commitment to get the right people into your company. When stepping up, consensus should also be something present, so that the person can work well, and direct hires should be a balancing decision. A good company will know its weaknesses and strengths in this area and know how to work from there.

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