Leadership Development Increases Performance.....FACT!

It has been reported that the Government should make leadership development a key part of its "skills for growth" strategy in order to improve the UK's competitiveness and boost economic growth, a report has recommended.

According to the "Business benefits of management and leadership development" report, produced by the Chartered Management Institute (CMI) and HR consultancy Penna, 34% of individuals across all levels of management consider their line managers to be ineffective.
The report, which surveyed 4,500 managers, found that companies that invested in the development of leaders saw increases of up to 32% in people performance and 23% in organisational performance.

In addition, organisations that performed well spent, on average, 36% more on leadership development per manager per year than those with low performance levels.
The report's findings suggest that simply spending more on managers' development is not necessarily the answer - employers are, in general, investing in a range of leadership development activities, but the types of training being used are not always the most effective.

Short courses on management and leadership were used by 43% of organisations but were rated as one of the most effective tools to train leaders by only 34% of respondents.
To continue to read this report please visit http://www.personneltoday.com/articles/2012/02/28/58366/leadership-development-must-be-part-of-skills-for-growth-strategy-says-report.html

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Stephanie Fletcher