As per the Corporate Executive Board (CEB), 66% of all companies invest in the program that aims to identify high potential employees. But, out of that, only 24% of the programs are being conducted for senior executives. Furthermore, only 13% have the confidence in raising the leaders in their companies. This is lower than the 17% mark 3 years ago.
The CEO’s of the world’s largest companies are hired from outside despite having thousands of executives within the organization. This issue is not due to the lack of internal talent but because the companies have not yet figured out the potential of their prospective leaders. This reduces the advancement of people and their engagement which affects turnover.
One of the top executive search firms has identified three main predictors for finding the right leader in the company. The main predictor being- right motivation. For leaders, having the right motivation means having a fierce commitment to excel.
The other predictors include insight, curiosity, engagement and determination. These can be measured and compared, unlike motivation.
Before an organization can begin to tap the potentials of their future leaders, one must know what exactly they need. This will vary depending on the business. The requirements differ depending on the industry and role.
According to Gallup, 51% of US managers feel disconnected from their companies and jobs. The remaining 55% look for opportunities outside. So, how can leaders develop themselves better and reach the desired levels needed? Below are some of the ways this can work.
Leaders are known to be ideals of positive influence
Leaders do not showcase authority to get everyone’s attention. They are a positive influence and others admire them and feel encouraged to follow. Leaders work keeping everyone’s interest in mind. They also consult everyone and work on the solution which everyone appreciates.
Leaders manage with kindness and empathy
They realize that the company is not managed in a vacuum and one can expect unwanted issues to arrive anytime. Besides, they understand that each person is unique and has different needs. In return, the teammates appreciate and look up to such a leader.
Leaders are always looking for solutions
It is easy to blame one person for not doing a job well. Leaders will focus on the problem and will do whatever is best to make things right. The solutions, the leaders strive to go, are beyond mediocre.
Transformation is important to the leaders
Leaders are not bothered about milestones but they always look at the big picture. They also look at making strategic decisions which can transform into a successful product.
Leaders have a vision in mind
People feel motivated and inspired by leaders who have a solid vision and passion to turn their dream into a reality. This is what binds people and the leader together, bringing about clarity at work and with the team. Without a vision, people feel lost and demotivated.
Such transformational changes are what will help you to evolve in the leadership role. HIVE is one such program which offers Global Leaders Program for 3 days. The event takes place in different locations like Boston, Los Angeles, San Francisco, Tamarindo Beach, Costa Rica and Nigeria.
Join HIVE Today!
HIVE Global Leaders has a community of CEOs of $250 billion companies. It also has scientists, researchers, renowned global leaders, inspiring public speakers and many more.
The next event is going to take place in Costa Rica from January 26th to 29th. If you have not already joined this most diverse community on the planet, apply now! Simply fill in the form on the link provided here: http://hivecostarica.com/register.html .
Once you submit the form, someone from the office will get in touch with you. Get all the information about the upcoming events here: http://hivecostarica.com/costa-Rica-location.html