In the current climate, organizations face more complex challenges than ever before. In these tumultuous economic conditions, employers must think outside the box to engage and retain staff.
As a result, there's never been a greater need for strong leaders. These are people who not only steer the ship in the right direction, but inspire others to come on board with them. Beyond just the C-suite, these leaders can come from unexpected places within your organization.
Read on to learn how you can identify future leaders in your company — and help them reach their full potential.
Gartner defines leadership development as preparing current and potential leaders to perform effectively in their role¹. This involves developing skills like emotional intelligence, management style, communication skills, and decision-making.
Traditionally, leadership development has been expensive and time-consuming. As such, organizations have been forced to be selective about the leadership talent they choose to nurture.
This leaves a vast workforce of high-potential employees untapped. Future leaders exist at all levels — from interns and junior employees to mid- and senior-level professionals. Many of these individuals are high-performing, ambitious employees who are keen to get ahead in their careers.
However, research shows that in 42% of companies, high performers are actually less engaged than low performers². Often, they will become disengaged by the lack of targeted professional development, and leave. As the expression goes: people don't leave bad jobs, they leave bad managers.
In a competitive marketplace, losing these star players simply isn't an option. So, it's important to be proactive about nurturing their leadership potential.
If there's one thing every successful company in history has in common, it's an effective leader. As the well-documented rise and fall of companies like WeWork and Theranos show: the people at the top can make or break the fate of a company.
So, why exactly is leadership development crucial for organizations? Because it is directly tied to these benefits:
Good leaders create a positive work environment and build strong relationships. Studies show that engaged employees are more committed, motivated, and productive³. This leads to higher job satisfaction and employee retention.
Strong leadership is directly linked to higher productivity and better performance. Effective leaders inspire and motivate their employees, set clear goals, and give constructive feedback. Research consistently shows that supportive leadership improves overall team and organizational performance⁴.
Offering leadership development shows that you value your employees' professional growth. This increases job satisfaction and reduces turnover. When employees see a clear path for advancement, they are more likely to stay with your company long-term.
Good leaders foster a culture of innovation and encourage employees to think creatively, take risks, and adapt to change. These skills enable leaders to navigate complex challenges and drive innovation.
Leaders play a key role in shaping the culture of an organization. A strong leadership development program emphasizes ethical behavior, transparency, and evidence-based decision-making. This creates a positive and inclusive culture. Leaders who demonstrate these qualities help to create a cohesive and enjoyable work environment.
Effective leadership also impacts customer satisfaction and the overall reputation of the organization. Leaders who prioritize customer-centricity inspire their teams to deliver exceptional experiences. Satisfied customers become loyal advocates, positively impacting brand image and bottom line.
Ways of working have shifted radically over the last few years. With an estimated 16% of employees working remotely and 61% working hybrid, dispersed teams have become the norm⁵. As a result, the soft skills successful leaders need have changed considerably.
According to Randstad, the most important interpersonal skills for remote teams⁶ are:
Cross-functional collaboration is another valuable skill in the current workforce. This refers to running projects that interface with various teams and departments across the company. Accenture found that companies with cross-functional collaboration achieve a 22% higher profit⁷. Breaking down silos allows for more diverse perspectives, which leads to greater innovation.
Fostering interdisciplinary collaboration requires a solid understanding of what makes your people thrive. An assessment tool like Fingerprint for Success illuminates team motivations, affinities, and differences. This takes the guesswork out of setting up high-performing, cross-functional teams.
F4S can be utilized by individuals, teams, C-suite leadership, or company-wide. By inviting your entire organization to participate, you can identify the greatest potential for leaders and provide access to professional development for all employees.
Here’s how you can get started:
Team culture. This shows what’s important to your team and how they are motivated
Team Affinities. This reveals what builds energy, enjoyment and flow to your team
Team Benchmarks. This is one of the most exciting features of the F4S assessment as it uses scientific research to compare your motivations to highly successful entrepreneurs.
Team Differences. You’ll see how your team may differ in their approach and preferences. Understanding these can bring harmony and balance to your team when harnessed. Diverse teams thrive!
Motivated by macro big picture thinking, these teammates value moving quickly to connect dots between abstract ideas to 'get the gist' of things.
These teammates value being concrete and specific, getting into details to understand the steps or tasks required.
In using F4S within your organization, you can uncover leaders and further develop them with our AI coaching. We offer 11+ coaching programs! 90% of uses accomplish their goal upon completion of the coaching program.
Here are some important questions to answer prior to planning your program:
Ready to get serious about nurturing leadership potential in your organization? These leadership development strategies will get you started on the right track.
If you're looking to scale your leadership training programs for the first time, it can be tricky to know where to start. Here's a framework to put you firmly on the path to success:
Determine the skills your company needs to achieve its future goals. Then, perform a gap analysis between these objectives and current competencies. Benchmarking – or looking at how you stack up against industry top performers – is a great place to start.
Determine exactly what you hope to get out of the leadership development program. It's important to set clear metrics or KPIs to measure its success.
Use your clearly defined needs and goals to inform the key areas of focus within your program. For example, will you focus on developing communication skills, or project management capabilities? Also consider how your program will be delivered, whether via workshops, courses, coaching, or 1-1 mentoring.
You can simplify this step by using a leadership development tool like F4S. The program has been thoughtfully designed based on cutting-edge science. You can even tailor the content to each individual, with 11+ different coaching pathways to choose from.
Will your program be delivered by internal coaches, or external consultants? Leveraging AI-based coaching like F4S' Coach Marlee is a more scalable and accessible option.
Even if your program will be available to all employees, it can be useful to start with a handful of early adopters. They will be able to help you iron out any kinks, and champion your initiative to future participants.
Your employees will likely have to take time out of their busy schedules to take part (although with F4S, it can be done in less than minutes per session!) So, it's crucial to ensure they understand the ‘why’ behind what you're doing.
Assess the impact of the program on your leadership pipeline. Track metrics such as employee performance, engagement, retention, promotion rates, and leadership effectiveness.
So, how do you identify which members of your organization are future leaders? After all, the reality is not every hire will be an A-player from the get-go. Important leadership qualities to look for include empathy, resilience, interpersonal effectiveness, and problem-solving.
Another is strong ownership. Look at how a potential future leader approaches their current role, no matter where they sit on the corporate rung. Do they 'own' and take responsibility for their projects, even if it's not technically their job? This can be a strong predictor of leadership potential.
One important caveat: no matter how observant or in tune with people we may be, we all have blind spots that prevent us from seeing leadership potential in others. For example, maybe your idea of a strong leader involves being direct and outgoing, but a potential leadership candidate on your team may actually present as quiet and reserved.
That's where technology comes in. Our evidence-based assessment is 90% accurate at measuring and capturing the X factor for success. Based on 20+ years of research, it measures 48 motivations. This can help you identify leadership behaviors, even in people who don't yet have any direct reports.
As mentioned, problem-solving, communication, and interpersonal skills are important for leadership roles. However, our research delves even deeper into the traits required by strong business leaders. These include:
Internal frame of reference: Being able to look within for answers helps you take the lead and make quicker decisions.
Lateral thinking: Taking an unconventional approach to problem-solving reveals surprising solutions.
Affective communication style: Great leaders inspire others through body language and non-verbal communication.
People orientation: Being a 'people person' proves useful when it comes to leading teams and organizations.
Pioneering: Innovation and leadership go hand in hand. Those with a pioneering leadership style fearlessly champion new ideas and make them happen.
One of the best ways to develop strong leaders in your organization is to hire them! This doesn't mean needlessly creating new leadership positions (you know what they say about too many chefs in the kitchen). It's about looking for people who already exhibit leadership behaviors, no matter their current job level.
But, how do you go about identifying high-potential candidates?. Fingerprint for Success' talent acquisition features help remove bias from the hiring process. Our work style assessment predicts culture and role fit with sharp accuracy. Plus, our ranking report lists candidates based on how closely they align with top performers in their industry.
It's important to make the most of the people you already have inside your organization. After all, you never know which bright, future leaders are already on your team. Research shows that internal leaders are more effective at strategic future planning⁸. As they have risen through the ranks of the company, they have strong inside knowledge they can call upon.
However, good employees often need nurturing to become great leaders. This is why it's important to have a strong internal leadership development program in place. Fingerprint for Success takes an evidence-based approach to identify top talent in the company. Using a questionnaire, it uncovers your employees’ hidden motivations and strengths. You can then use this to create a tailored action plan to develop their leadership skills.
Often, organizations rely on current leaders to facilitate their leadership development program. These senior leaders often take on a mentorship role to help mentees work through challenges. While this approach can work, there's something even more effective: coaching.
Coaching takes a more structured approach to professional development and skills training. When done well, it is free from some of the inherent biases that exist in a mentoring relationship. This is because mentors tend to draw upon their own personal experience, rather than use an evidence-based approach.
Research shows that 93% of companies report lower turnover when they offer coaching to employees⁹. Not only that, but companies receive an average return of $7.90 for every $1 invested in executive coaching — a strong ROI, to say the least¹⁰.
Historically, leadership coaching has been delivered by human coaches who charge an average of $400 per hour¹¹. However, thanks to companies like F4S, coaching is now more accessible, affordable and scalable. It also delivers results that are comparable – and in some cases, better – than human coaches. Our research shows an astounding 90% of F4S users achieve their goals within 4 to 9 weeks.
Previously, employee development has been a privilege reserved only for those at executive level. Companies like F4S are committed to removing these barriers by making their services open, transparent, and accessible to all. This means removing cognitive bias from the talent acquisition and development process. This results in processes that are more inclusive, fair, and equitable.
embed how to build diverse teams here: https://youtu.be/bS7R93G19rI
These days, the workforce consists of baby boomers, Gen X, Gen Y, and Gen Z — with the latter expected to represent 27% of the workforce by 2025¹². Each of these demographics has their own work styles and attitudes.
For example, Gen Z is known for their more relaxed approach to work and communication. They are also extremely passionate about the issues that matter to them. However, junior employees typically have less disposable income. It's important that companies provide a professional development solution so they're not out of pocket. F4S' AI-based coaching provides an affordable solution that can be scaled to all levels of the organization.
It's not enough to simply implement a leadership development program and hope for the best. It's crucial to monitor the ongoing development of your employees so you can make adjustments, if necessary. F4S' platform makes this easy with our powerful people analytics.
Our 'Me Over Time' feature makes it easy to track your own progress, and that of your teammates. You'll also receive helpful benchmarking reports that highlight:
Green zone: motivations that align with entrepreneurial traits
Orange zone: motivations that need more focus
Red zone: blind spots that urgently require attention
In addition, F4S uses data visualizations to track team culture, affinities, and potential areas of friction. It's about empowering them to be their best selves at work so you can reward them accordingly.
From new hires and first-time managers, all the way up to the C-suite, leaders exist at all levels. A leadership development program makes it easy to retain, engage and develop these superstars.
Our expert coaches have designed hyper-effective programs that will help
you improve your mental health, wellbeing, productivity, leadership and more.
Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!
Your recommended programs include:
Our expert coaches have designed hyper-effective programs that will help you improve your mental health, wellbeing, productivity, leadership and more.
Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!
Your recommended programs include:
Take your teaming to the next level in this high impact 9-week team coaching program with Coach Marlee. Discover and optimize complementary strengths and unique talents with your team, reach decisions together quickly, enjoy team cohesion, high energy and motivation as a bonded team.
Impress yourself and others with your attention to detail! Develop a genuine appreciation, energy and stamina for detailed thinking to execute your vision, measure performance in yourself and others while also accelerating your ability to learn and change.
In this high impact eight week program Coach Marlee will help you increase your comfort and confidence to be in positions of influence and leadership, navigate organizational politics and also help you develop greater confidence to compete and influence at the top of your industry or field.
Multiply your impact by embracing the experience and genius within others. During this eight week program Coach Marlee will help you to develop a genuine appreciation for experimentation and data and a willingness to empower the opinions, feedback and insights within your team and others in your life.
Explore, strengthen and stand by what you believe in at work and in life. Trust in your ‘gut feel’ and point of view is especially helpful for influencing, starting your own business, having your personal needs met and for living an authentic and meaningful life.
Inspire yourself and others to see the bigger picture! Increase your comfort and use of abstract and strategic thinking to gain a broader perspective in work and life. Big picture thinking is key in communication, leadership, businesses, selling, marketing, and situations where you need to get the gist of things quickly.
Develop ‘step back’ mastery for increased self-awareness and developing mindsets and tools for constant improvement. Reflection and patience is core to consolidating learning, development, strategic thinking, recharging and living an authentic and meaningful life.
Close the gap between your great ideas and starting them. Energy and drive for starting is key for inventing new things, starting businesses, selling, marketing, socializing or in situations where you need to think on your feet.
Explore, develop or strengthen your emotional intelligence (EQ). Awareness of your and others’ emotions is at the heart of influencing, ‘reading people’, impactful communication, deep relating and authentic connection at work and in life.
Inspire yourself and others to see and achieve grand visions and goals. A focus on goals is especially helpful for inspirational leaders, starting your own business, impactful communication, or for achieving awesome outcomes at work and in life.
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“What an awesome way to get better at collaborating with my teammates! Thumbs up Marlee!“
"With attention to detail program, I learned a whole new way to see and approach projects"
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