Mastering Leadership Development in a VUCA World
Great leadership is key to raise a better working world, but it’s one of the most challenging behaviors to teach. At Learn Transformation, Leadership is not only about one person who runs the organization. Leadership is about each & every employee working in that organization. Leadership Development is to develop leaedership talent in every employee, to strengthen the capacity of employees at every level to lead in everything they do is the thinking of experts at Learn Transformation.
The best leaders are those who lead with a feeling of purpose. Knowing their purpose gives these leaders a clarification to make choices, at work & home, that helps them find significant accomplishment in all they do, encouraging others to do the same.
The only way organization & businesses can survive in today’s disruptive world is through Leadership.
The key to reliable business performance is a stiff tie-in between leadership & value creation & value creation is boosted by strong leadership development skills. Now, everyone needs to show leadership. Everyone needs to drive innovation. Everyone needs to be positive & need to give their best. An open, all-inclusive & flexible culture, united with a wide array of growth opportunities, is helping professionals take holding of their careers. At Learn Transformation, we think that if every organization adapts it wonderfully then, it will automatically lead in its field.
Also Read: 26 Best Leadership Books Of All Time
- Mastering Leadership Development in a VUCA World
- Leadership Development
- Importance of Leadership Development
- Why Invest in Leadership Development?
- Leadership Development Strategies
- Top 6 factors which are necessary for a successful HR digital transformation
- Best 6 HR Transformation examples
Importance of Leadership Development
Leadership development is the process of developing the capabilities of employees so that they can lead in your organization. Further let’s read about why leadership development is important.
The company’s success depends on the great leaders. With a strong, growth-minded leader, employees will feel inspired to attain goals & motivated to perform better. Make sure they have the skills necessary for effective leadership throughout their career can improve engagement & the completion of goals on an individual & company-wide level.
Instead of looking for external applicants, that you know about leadership development topics and its efforts can permit you to recognize employees within the organization who can be great leaders if provided the opportunity. Promoting the ability to identify strong candidates for leadership positions & other growth opportunities is also an important skill. Motivating growth from within & highlighting the importance of strong leadership practices in your employees can improve company loyalty & overall efficiency and functionality.
Effectual leadership is important for employee gratification. Raising positive relationships between employees & their superiors can improve productivity & attitudes. It also indicates a willingness to learn & grow for the sake of the company.
To make a Balance
Successful leaders in businesses must be able to frequently adjust their methods to manage both employees & company procedures. Both are necessary to the success of the business, so providing repeated leadership development opportunities allows individuals to improve their methods and add to their range of leadership, organizational & efficiency skills.
Why Invest in Leadership Development?
Leadership development is one of the most urgent issues faced by organizations globally today & it indicates a great chance for them to grab a competitive advantage in their industries. To lead change, one of the biggest engines is a leadership development program that starts to foster management talent that is enterprise-wide, entrepreneurial & globally recruited.
By investing in leadership development process, companies are allowed to do things that drive reliable success:
• Drive strategy implementation
Having effective leadership development skills isn’t development for its purpose. Organizations require a leadership strategy that almost connects with the business strategy & furnishes employees with the leadership skills needed to implement it. Leadership development programs allows organizations to shape the culture & strategy of the business.
• Upgrade financial performance
Companies that highly invest in human capital deliver stock market returns 5 times higher than those of companies that put less emphasis on human capital. Leadership development framework builds capacity to decrease costs, drive new lines of revenue & improve customer satisfaction.
• Expanding in navigating change
Leadership development expands people’s ability to respond swiftly in unpredictable business environments. In a survey, it was found that 86% of companies with strategic leadership development programs were able to respond quickly in an unpredictable business environment.
• Allure & keep talent
Leadership development skills amplifies employee engagement, expands the organization’s ability to deal with gaps in the talent pipeline, and decreases the headaches & costs linked with turnover. Great leaders attract, hire & inspire great people. Developing, coaching & promoting people internally is generally less expensive than the costs often needed to hire someone externally.
Encourage leaders to explore personal development, pick up new skills, and stay current in a world that is changing quickly by embracing continuous learning.
Leadership Development Strategies
• Mobile Learning for Millenary Managers
With the average age of the first-time manager being 30, we have entered the age of millenary management; nearly 30% of Millennials possess managerial-level roles. Surveys from different sources indicate that millennial managers value learning & growth experiences more than previous generations. They take responsibility for their re-orientation. Still, they want development & training delivered in a new way.
They expect mobile access to learning opportunities, anytime, anywhere. Leadership development professionals need to customize programs to this group of managers & offer more flexible online programs. According to the Korn Ferry Institute, research shows Millennials learn more through online development than time spent in the classroom.
• Concentrate on Applying & Enduring Behaviors
Leadership development process has been considered a one-and-done experience. Different programs take new managers, push them through an organization’s “academy,” then send them out into the world. But we swiftly forget most of what we learn if not applied regularly.
Leadership development professionals need to begin spending as much time helping people endure new knowledge & behaviors as they do help those leaders attain new knowledge & behaviors. Behavioral touch is shifting from the world of social psychology into everyday use by governments, companies & other organizations. This might include:
- Reminding new managers to review weekly task lists & assign them to team members.
- Reminding middle managers to practice inclusion in their meetings.
- Encouraging senior executives to schedule time for strategic thinking.
• Employee Engagement
To foster employee engagement, the first obvious step is training & coaching managers in how to apply behaviors that unbolt emotional commitment. Each organization is distinct but, in general, managers need to learn particular behaviors such as: using a coach approach to develop team members, building trust, giving effective timely feedback, providing strategic recognition & fostering belonging.
Also See- What is Organization Change Management?
• Group Coaching & Coordination of Leadership Development
In this new era, everyone needs to be a leader who actively involves their people. With this awareness, coaching will become a standard part of every manager’s experience.
One way is to start group coaching experiences, in which one human executive coach will be available for every 10 managers. By coinciding with quarterly or monthly topics, one coach can support each manager’s requirements every week, and also bring everyone together using video conferencing. Additionally, companies can now hold AI-powered coach bots & hyper-personalized nudges from companies like LEADx, Qstream & others.
• AI Becomes imperceptible
In the new decade, AI will become the norm, a presumed part of leadership development topics and experiences. AI is going to be making an impact in personalization. With AI, leaders will be provided hyper-personalized content based on the manager’s capabilities, personality & goals. As it does for Amazon, Netflix & Spotify, AI can present selected information in learning management.
AI is also going to support leadership development directors in gaining the respect of other senior leaders. With AI technology, leadership development can amplify its use of dashboards & correlation matrices.
Check out the Video-
Top 6 factors which are necessary for a successful HR digital transformation
There are several factors that are necessary for a successful HR digital transformation. Here are a few key ones:
- Leadership and vision: One of the most important factors for a successful HR digital transformation is strong leadership and a clear vision for what the transformation should achieve. This includes having leaders who are committed to the transformation, who can communicate the vision to others, and who can provide the resources needed for the transformation to succeed.
- Engagement and communication: Successful HR digital transformations require engagement and communication with employees at all levels of the organization. This includes communicating the vision and goals of the transformation, as well as involving employees in the process of designing and implementing the new HR systems and processes.
- Data and analytics: Digital transformation requires access to data and analytics in order to make informed decisions about HR processes and systems. This includes having the right data infrastructure, tools, and skills to collect, analyze, and interpret data, as well as the ability to use data to drive decision-making and improve HR outcomes.
- Agility and flexibility: In order to succeed in a rapidly changing digital landscape, HR functions need to be agile and flexible. This means being able to adapt to new technologies and tools as they emerge, as well as being able to quickly respond to changing business needs and customer demands.
- User-centered design: A successful HR digital transformation requires a user-centered design approach that puts the needs of employees and users at the center of the design process. This means involving employees in the design and testing of new HR systems and processes, as well as regularly gathering feedback and iterating on designs based on user feedback.
- Talent management: Finally, successful HR digital transformations require effective talent management strategies that can attract, retain, and develop the skilled employees needed to support and drive the transformation. This includes providing training and development opportunities for employees to build the skills and knowledge needed to work in a digital environment, as well as recruiting new talent with the necessary digital skills and experience.
Create an environment where decision-making is empowered at all levels, encourage experimentation, and take calculated risks.
Best 6 HR Transformation examples
There are numerous examples of successful HR transformations across a wide range of industries and organizations. Here are a few notable examples:
Unilever: In 2018, consumer goods company Unilever embarked on a major HR transformation to simplify and streamline its HR processes and improve the employee experience. The company implemented a global HR information system and a self-service platform that allows employees to manage their own HR data, such as leave requests and performance reviews. The transformation also involved consolidating and standardizing HR processes across Unilever’s many locations around the world.
Adobe: In 2012, software company Adobe implemented a new performance management system that eliminated traditional performance reviews and ratings in favor of ongoing feedback and coaching. The new system, called “Check-In,” was designed to be more employee-centric and agile, allowing managers to provide real-time feedback and adjust goals and expectations as needed. The transformation also involved a significant investment in employee development and training.
General Electric: In 2017, industrial conglomerate General Electric embarked on a major HR transformation to overhaul its performance management and leadership development processes. The company implemented a new performance management system that emphasizes ongoing feedback and coaching, and shifted away from traditional annual reviews. The transformation also involved a major investment in leadership development, with the goal of creating a more diverse and agile leadership pipeline.
Deutsche Bank: In 2019, financial services company Deutsche Bank launched a major HR transformation to streamline its HR processes and reduce costs. The transformation involved consolidating and standardizing HR processes across the organization, implementing a new HR information system, and reducing the number of HR roles through automation and outsourcing.
The goal of the transformation was to create a more efficient and effective HR function that could better support the bank’s business objectives.
PepsiCo: In 2015, food and beverage company PepsiCo embarked on a major HR transformation to overhaul its talent management processes and create a more diverse and inclusive workforce. The transformation involved implementing new recruitment and talent management strategies, investing in leadership development and training, and launching a range of initiatives to promote diversity and inclusion.
The goal of the transformation was to attract and retain top talent, create a more agile and innovative workforce, and drive long-term business success.
Walmart: In 2019, retail giant Walmart launched a major HR transformation to improve the employee experience and increase employee engagement. The transformation involved implementing a new scheduling system that allows employees to choose their own shifts, as well as a new mobile app that provides employees with access to HR information and tools.
Providing leadership development opportunities can improve morale, loyalty & profit. Combining effective leadership development skills & education into your present system of operations allows for growth and lasting success. Advanced leadership development programs develop a deeper, richer pipeline of talent, which is why organizations today are looking to unlock the full potential of their talents at all levels. As we shift into the 2020s, it’s a fascinating time for the whole transformation of our departments.
Frequently Asked Questions
What is HR transformation?
HR transformation is the process of fundamentally changing the way HR services are delivered within an organization, in order to enhance the overall effectiveness and efficiency of the HR function.
Why is HR transformation important?
HR transformation is important because it allows organizations to improve their HR functions in order to better meet the needs of their employees and achieve their overall business objectives. It can help to streamline HR processes, improve employee engagement, and drive organizational growth and success.
What are some common drivers of HR transformation?
Some common drivers of HR transformation include changes in business strategy, mergers and acquisitions, the need to reduce costs or improve efficiency, the adoption of new technologies, and changes in the workforce or labor market.
What are some key steps in the HR transformation process?
Some key steps in the HR transformation process include defining the scope and objectives of the transformation, conducting a current state assessment, developing a future state vision, identifying and prioritizing initiatives, developing a roadmap, and implementing and monitoring the transformation.
What are some potential benefits of HR transformation?
Some potential benefits of HR transformation include improved employee engagement, increased efficiency and effectiveness of HR processes, better alignment of HR with business objectives, improved talent management, and increased organizational agility and resilience.
- Adaptability is key: Leaders must adapt quickly to changing circumstances, navigate uncertainty, and make informed decisions.
- Resilience drives success: Building resilience enables leaders to withstand challenges, bounce back from setbacks, and inspire their teams.
- Embrace innovation: Leaders should foster a culture that encourages creativity, embraces change, and drives innovation to stay ahead in a VUCA world.