How do Organizations Measure the ROI or Impact of Leadership Training and Development Programs?
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[Excerpt] In a Harvard Business Review poll, 51 percent of those surveyed said they had diminished confidence in business leaders at non-U.S. companies and 76 percent had less confidence in U.S. business leaders. Another survey by IBM shared that more than 75 percent of their survey respondents identified building leadership talent as their current and most significant capabilities challenge. Thus, the organizations need to focus on building talent and developing leaders internally. Also it is advantageous because they achieve productivity almost 50 percent faster than external candidates’. Leadership development programs can be explained as teaching leadership qualities required for a leadership position.
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Human Resources; HR; ROI; return on investment; leadership training; development programs; metrics; leadership development; competency model; company strategy; leadership potential; performance reviews; competencies; pre-assessments; post-assessments; 360 feedback; measurement; succession; retention; qualitative analysis; surveys
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