As organizations make considerable investments in leadership training, they would like to maximize their ROI. In this article, I outline tips and strategies that will help you make your leadership training more effective and help you achieve a better ROI.
While the success of organizations hinges on many factors, having a great leadership team certainly helps them stay ahead of competition. A strong leadership team creates high performing teams that in turn generate the required business results.
Need for leadership training: While there may be some exceptions, most of us are not born leaders. Leadership skills are built through a range of options that include training (experiential, social, and self-directed), coaching, mentoring, and so on. To create long-term success, organizations must invest on leadership training to handle key positions. These are not limited to CXO positions alone but also cover mid-level and even the lowest level of leaders.
Impact of leadership training done well: When done right, leadership development initiatives will create leaders across levels who are confident, competent, and can create and lead high-performing teams. Well-crafted leadership trainings not only help organizations create the right leadership talent, they also help them create more engaged, productive, and highly motivated teams that are aligned to the business goals.
In this article, I outline tips and strategies that you can use to step up the impact of your leadership training and see a better ROI.
Step 1: Identify the Talent Pool Across Levels
The exercise begins with identifying the talent pool across the organization that needs to be groomed for leadership.
Step 2: Identify Leadership Training Needs Across Levels
Since leadership training is provided at different levels that are very wide-ranging, you need to map specific training needs at each level.
For instance, the following 3 levels (including the requirements at each level) are the likely target audiences for leadership trainings for most organization.
You also need to identify how the leadership training program will be tracked and how the impact on the learner and business would be measured.
Step 3: Obtain Executive Support and Organizational Buy-in
For the leadership training to be successful, it must have the buy-in of the senior executives in the organization. To get this, the program should have a clear definition (overall objectives and how they align them to business needs and organizational goals). It should be supported by the approach plan (including how the training would be designed, developed, delivered, and how the impact would be measured). This should be communicated to the senior executive’s team (including champions for the program) and their feedback/concurrence must be obtained.
Step 4: Use Approaches that Enhance the Impact of Leadership Training
While the 3 levels feature very different training areas, the impact of your leadership training program (across levels) can be enhanced through the following tips:
Step 5: Adopt Strategies that Help You Deliver Successful Leadership Trainings and Achieve Higher ROI
Flexibility of Mobile Learning: This enables learners to consume training content and additional resources on the go, on the device of their choice, and at the pace they want to learn. It also enables them to sync in the learning or practice sessions with their workday as well as over weekends/commute.
Power of Microlearning: Modern learners prefer learning to be bite-sized, focused, and action-oriented. Microlearning enables you to meet all these expectations and more. Each nugget helps learners meet a small outcome. They can be strung together as a series of nuggets to offer a “career pathway.” They can also be used to:
Customization of Personalized learning: You can combine Mobile Learning and Microlearning to offer highly customized (and therefore relevant) learning paths for each level.
You can use a Pre-Test/Survey/Questionnaire to assess where the learners stand and basis their response, recommend a learning path. Through feedback, you can give cues to help them further fine-tune their learning path.
Additionally, you can recommend related resources that learners can easily “pull” and invest on as continuous learning.
With a combination of these approaches, you will be able to offer leadership training that is:
It will also:
On account of better motivation, higher engagement, improved completion rates, and increased application of the acquired learning, you will see a better ROI on the leadership training spend. It will also encourage a self-directed, continuous learning and this can be leveraged to trigger behavioral change too.
I hope this article provides you the cues that you can use to increase the impact of your leadership training and achieve a higher ROI. If you have any specific queries, do contact me or leave a comment below.
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