Episode 52: The Leaders Motivational Strategy – Ensuring your teams professional development
Harvey S Firestone said: The growth and development of people is the highest calling of leadership.
Keeping your team members motivated byt ensuring their professional development is important for a few reasons.
One. Your team members are retained longer.
The average expense of replacing an entry-level worker is 30-50% of their annual salary. For mid-level employees it’s about 150%, and for high-level managers it’s in the region of about 400%. According to a Talent management & HR article.
That’s a whole lot more than investing in their professional development.
Two. Ensures stability. If someone does leave, you have team members who are developed and prepared to take up any role that is made vacant. According to a 2014 REPORT ON SENIOR EXECUTIVE SUCCESSION PLANNING AND TALENT DEVELOPMENT nearly 40% of organizations do not have anyone prepared for senior level roles in the event someone leaves.
Three. With development and especially leadership development comes necessary skill and attitude to perform at a more efficient level resulting in a contribution to a higher performing team.
Howard Hendricks says: The measure of a leader is not what you do but what people do because of you.
You have the opportunity to inspire the potential in your team members, to get extraordinary achievement for ordinary people.
If your actions inspire others to learn more and become more, you are a leader – John Quincy Adams.
And Peter Drucker said that leadership is lifting someones vision to high sights, raising a person’s performance to higher standard, and the building of a personality beyond its normal limitations.
Let your team members know you believe in them by encouraging, inspiring and ensuring their professional development, now and into the future.
Thanks for listening.
