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The Josh Bersin Company
The Surprising Facts About Leadership Development
Nov 1, 2023
The podcast dives into startling statistics revealing that many companies invest minimally in leadership development post-pandemic. It discusses the need for evolving leadership models that align with company values and foster accountability. Sustainable leadership is highlighted as crucial for navigating dynamic business environments. The conversation also advocates for continuous leadership development supported by strong recruitment strategies and expert guidance, underscoring the importance of investing in this vital area for organizational growth.
25:33
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Quick takeaways
- Investment in leadership development is critical for organizational success, yet many companies underfund this area, impacting overall performance.
- Effective leadership models must focus on behaviors like empowerment and active listening to adapt to modern workplace dynamics and attract talent.
Deep dives
Current State of Leadership Development
Many companies are neglecting their investment in leadership development, with over half spending less than $500 annually on this critical area. Remarkably, only 25% of companies believe their leadership development efforts bring high value, and a mere 24% think their models are current or relevant. This indicates a significant lag, especially considering that only 11% utilize mentoring effectively, and a mere 18% offer coaching services. The pandemic likely exacerbated this problem, as organizations shifted their focus toward immediate employee well-being rather than strategic leadership growth.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode