Increases Employee Engagement
The more engaged employees are, the more productive and efficient they will be. Gallup’s most recent “State of the American Workplace Report” reveals what a difference it makes to your profit when your employees are truly engaged.
Similarly, productivity is 17% higher and sales are 20% higher for the companies with the more engaged staff.
Besides driving employee engagement, prioritizing leadership development can increase morale and employee satisfaction. This creates loyalty, which slows turnover and improves office culture.
Businesses with highly engaged employees achieve 50% less turnover than those where employees are not very engaged (Gallup).
If you set time apart to invest in your employees’ leadership development, it’s likely that their respect and appreciation for the workplace will grow. They will feel valued and see that you want to help them hone their leadership and soft skills, making them more likely to stick around for more opportunities and feel loyal to the company. It’s a win-win.
Cultivates and Nurtures Talented Employees
As a leader, one of your roles is to help develop your existing workforce, making