Developing high-potential and Inclusive leaders is crucial for any organization that wants to thrive in today’s fast-paced business world. These are the people who will drive innovation, lead change through diversity initiatives and take your company to the next level. And trust me, you want to keep them around. In fact, a recent study found that organizations with strong leadership development and team engagement programs have a 37% higher employee retention rate.
So, why is it so important to develop these high-potential leaders? For starters, it keeps them engaged and motivated. When you invest in their development, they feel valued and supported, which leads to greater job satisfaction and commitment. This means they are more likely to stick around, which is a win-win for both the employee and the organization.
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But it’s not just about retaining talent. Developing high-potential leaders with an inclusive mindset, also helps to build a strong collective of future leaders inside your organizations. As generational diversity becomes more palpable, Baby Boomers retire and Gen Xers move into executive positions, organizations need to have a pipeline of talented diverse individuals who are ready to step up and take on leadership roles. This means investing in the development of high-potential leaders who are prepared to future lead the company with an equitable and inclusive lens.
But developing high-potential leaders isn’t just about sending them to a few training sessions and calling it a day. Growth is not an event, it is a learning journey that requires a comprehensive human-centered approach of coaching, mentoring, job rotations, and other development opportunities. This not only helps to build their skills and knowledge but also gives them exposure to different parts of the organization, which is essential for developing well-rounded leaders.
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From a pandemic to an everchanging economy, and the ongoing evolution of the workforce, employee engagement and inclusive leadership continues to be the key to growth for the future. With change comes opportunity, and Atlantic Canadian companies are seeking a competitive advantage that will enable them to further embrace change, predict disruption and respond with passion and fresh ideas. This mindset is what will propel leaders through the disruptive decade ahead.
Esther Hephzibah Founder, Shine Transformation Consulting
As a certified Maxwell Leadership Member, Esther is a highly sought-after Inclusive Leadership & Team Engagement coach and facilitator. Esther is well versed in multi-diverse business operations and helps business leaders and their teams to discover and leverage their strengths, so they can create highly collaborative teams that deliver great results. With a refreshingly impactful style, and using the Maxwell Method, Esther equips leaders and teams to deliver profitable results. Connect with Esther at hello@shinetransformation.com to learn more about customized lunch n learn sessions and team engagement programs with game-changing strategies to elevate your results.
Contact Esther Hephzibah at hello@shinetransformation.com