The baby boomers are expected to retire within the next decade leaving several senior positions vacant. Hence, to ensure companies continue growing, they need to focus on training their current employees to assume senior positions. This has resulted in the need to create and implement an effective leadership development program to train such employees.
However, creating and implementing such a blueprint may face some problems, which need to be adequately addressed. One of the biggest challenges faced by companies is the resistance towards being trained. Several employees who have worked for many years and have received higher education are unwilling to modify their way of working.
However, mistakes made by senior managers have serious consequences and addressing issues at these levels becomes very important. People working in senior posts generally do not like to undergo training because they consider this undermining to their power. If they take up further training programs, they consider they accept their incapability, which may have negative effect on their juniors.
However, corporate need to overcome all such resistance and focus on creating and implementing an efficient leadership plan. A major benefit of creating such a blueprint is that the company is able to increase its productivity. When managers are capable, they are able to resolve problems quickly and efficiently ensuring the objectives of the corporate are met.
An organization that has capable executives of working without any supervision enables its senior management to focus on the strategic growth. Hence, these senior managers can work towards the achievement of the company’s mission and vision. Additionally, the employee turnover reduces because the employees feel that their organization cares about their well being that results in higher loyalty.
When employees are rewarded for their good performance, they feel a boost to their morale and strive harder towards improving their performance. Although, companies may face resistance initially, focus needs to be given to developing current employees to take up senior positions. As employees realize the feedback is for their improvement directed towards their career growth, their resistance will decrease.
With increasing number of years in employment, the resistance towards training and feedback increases. Therefore, the requirement of creating capable managers is forcing companies to develop various programs that train their mid level employees to move to higher positions. Creating and implementing a leadership development program provides significant benefits to employees and the companies in the long run.