Build stronger leaders and stronger teams
As a business leader, you have a lot to think about. Keeping the business growing, hiring and retaining the right team members, delegating to achieve success, and planning for future change (mergers, market forces, succession) can keep you up at night. This is certainly understandable, considering the wrong hire can cost up to 200% of their salary to replace them. Not to mention, talented team members who leave transfer working knowledge to your competitors, and disengaged employees negatively affect your bottom line. The Harvard Business Review has stated over 80% of employee turnover can be attributed to poor hiring choices. Similar research conducted by the U.S. Department of Labor states that the price of a bad hire is 30% of the employee first year earnings at a minimum. These and many other staffing concerns may be circling in your thoughts on a daily basis.
But it doesn’t have to be this way. Much like the value of outsourced advisors on technology, HR, legal and accounting advice, leadership development experts work to support the effectiveness of the people in your company. We work with leaders to identify areas for improvement, and develop and execute plans to build stronger workforces, reduce conflict, align mission and business across silos, improve working relationships with Boards of Directors and plan effectively for change. We also serve as trusted advisors in long-term relationships with leaders, and this enhances accountability in decision-making, appropriately mitigates risk with the addition of new information from an unbiased point of view, and allows for consideration of new strategies for increasing company impact and customer/client satisfaction.
The value of a leadership development expert is increasing in awareness, and this is reflected in the Fortune 100, where some 40% of leaders have long-term relationships with advisors whose focus is on improving the leader’s skills and abilities, and serving as a trusted advisor for critical decision-making. Our work is different from coaches, in important ways. First, we understand human behavior through extensive education and practice in the real world, and our advice is built on this knowledge. Second, we are skilled at evaluating what is happening at the intersection where results matter – where individual behavior, attitudes and motivation collide with business goals and pressures. Just like no two people are alike, neither are any two companies. Without the base of knowledge required to properly ‘diagnose’ the situation in each unique environment, the wrong cure will be applied, often at great cost and with no positive impact.
Here are just a few of the areas where leadership development experts provide advice:
- Leadership development;
- Administering behavior assessments to guide on not just what people can do, but what they will do;
- Onboarding support in critical time of adaptation and change;
- Attracting, hiring, and retaining talent;
- Building employee engagement;
- Conflict resolution;
- Talent management/development;
- Building diversity; and
- Transition and succession planning
Let us know how we can be of service to you.