Today’s international marketplace offers several opportunities for proficient leaders. The challenge for organizations is retentive and developing aforementioned leaders at intervals their current work force.
In the next 5 years, high|the highest} five hundred firms within the world can lose their top executives to retirement, per psychological feature leadership speaker, John Hersey, on making leaders through mentoring. however do these firms approach filling the large leadership void they’re aiming to face?
By making leaders through mentoring, organizations area unit able to transition the talent set from intimate staff to the long run of the organization.
Why use a Mentoring Program for Leader Development?
Many organizations use a formal mentoring program for the development of hi-potentials. Mentoring can be used to motivate these types employees by providing direction and developing specific leadership competencies. In addition, mentoring can further engage and retain these valuable employees.
Develop Your Top Talent
Search for your stars-
It is always a good idea to check the pantry before you go shopping for new groceries as your next eligible candidate could be right under your nose. Eligible candidates are those who are high performers and display the organization’s values, constantly achieving goals, and are ready to take on more leadership responsibilities. These are your “stars” – so to speak, and they are the ones with the potential to usher your corporation into the future.
Ensure your succession plan is solid-
Make your leadership contagious. Have your mind set one or two highly eligible candidates you can envision in leadership and groom them to keep their skills and proficiencies in top notch. This will not only reduce anxiety when considering filling leadership positions but will also allow these high profile candidates to feel empowered in their work, in turn making them more productive.
Place them in your shoes-
Now that you’ve scouted your top talent, give them some leadership responsibilities and mentor them along them way. This will give them a taste of a potential role they could be partaking, and will also create some healthy competition around the workplace. It is one of the easiest ways to make leadership contagious. This also helps to develop trust between the mentor and mentee because the mentee recognizes the tasks delegated to them are ones of importance.