Leadership Development | BYLD Group

GURGAON, India - Nov. 15, 2021 - PRLog -- It is very important that your company adapts itself to newer trends and changing dynamics that determines whether your company has the potential to succeed! However, with the outbreak of COVID-19, there is a wide gap between educational qualifications and on-job training. There are not enough candidates that have adequate leadership qualities that are required for managerial positions! Here are a few unknown facts about leadership development that you should know to make better decisions regarding your company's future!

1. Around 77% of corporations experienced drastic and wide leadership gaps in 2019.

It is not an uncommon notion for employees to seek those companies that offer leadership development training as an essential part of their L&D programs that are imparted in different corporates.

From an employer's perspective, they would also seek candidates that have high leadership skills so that they can eventually become a driving force for their organization rather than spending time and money to train employees to develop leadership skills. This constant pull from both the ends gradually leads to accounting for the need of leadership development training.

2. Around 83% of employers' state that it is crucial component for every leaders to develop at all position levels.

Although, it is alarming to have only 5% of corporations that implement leadership development at all levels by incorporating improvements in their training programs. The employees of today will become the leaders of tomorrow and most of these companies have gradually shifted their focus towards developing leaders from all position levels of the organization rather than focusing only on senior levels of the management. With more extensive research carried forth about the need for leadership development coming to the forefront, organizations have now realized its value in shaping the future of the industry!

3. Around 63% of Millennials believe that their leadership skills are not being developed up to the standards they should be developing at.

A study reported that around 18% of organizations state their leaders are "very effective" at meeting business goals but only about 19% of organizations state that they are "very effective" at developing leaders that lay out a clear picture as to how much leadership skills must be developed at all levels.

By 2020, around 48% of the workforce will be millennials and the workforce will change drastically as millennials will make up 75% of the workforce.

Whereas, other studies state that there are nearly about 71% of Millennials that may leave their job within two to three years if their leadership skills are lacking and they feel that there is no room for their professional growth and development.

For more information, please visit us here at https://byldgroup.com/our-solutions/leadership-and-talent...