It can be a struggle to be in a position where you want to promote leadership development at your company, but not be sure whether investing in it is worth the return. The truth is, it is worth it. We’ll look at some statistics on why this is such a great idea in this article. We’ll also go over the many advantages of taking advantage of leadership development programs.
Attracting and Maintaining New Talent
When you have a new employee, and you offer them a way to be a part of the future of the company, this often leads to extreme loyalty. Bringing in new talent is one option you have, but developing current abilities is also an excellent idea. You’ll save money, as well. You don’t have to advertise, pay signing bonuses, or cough up moving expenses. People are in the company that would be happy to step up, and leadership development in Bangalore is a great way to keep them happy.
Improving Your Bottom Line
In companies that do invest in some form of leadership development, it pays off. Studies have proven that these companies show stock market returns that are up to five times higher than those who don’t offer this kind of opportunity. If you want a company that does well, you have to make sure your employees are happy and receiving the education they need to keep growing.
Return on Investment
Yes, it costs money to bring in excellent leadership development in Bangalore, but it’s also less of an expense and more of an investment. In a recent study, it showed that over 85% of companies who offered leadership development had a return on investment that showed they made their investment back or made even more than the investment. Almost 20% of businesses show making a return on investment that was 5000% of the initial investment.
Improving Company Culture
When you invest in your workers, it shows that you care about them and want them to succeed. Workers who are aware of this may have a boosted desire to meet or exceed performance expectations. Leadership development courses can boost the morale of employees and make people excited to walk in the door.
Leadership Development & More
At d’frens, we offer multiple different leadership development programs. Each of these is fun and educational and can be tailored to meet your needs. To learn more about how we can help you, contact us at 91-90719-49494. You can also like our Facebook page for more information.