Searching for Future Leaders in your Organization?
Are you now trying to prepare for the future of your organization by searching for the right people to handle it? It may be your instinct to advertise for this new position, but before you do so, consider looking from within your organization first. By taking advantage of mentoring and leadership development programs, your company can get the most of the knowledge and expertise of your current leaders.
How Organizations May Benefit
One of the top priorities of any growing business is setting its direction, which should include both its short and long term goals. It is crucial that company leaders make a concrete plan to achieve success and prepare for whatever changes may take place in the future. Of course, workers will eventually retire, resign, or just look for another position that will suit all their needs.
To avoid getting caught off guard, businesses must be ready for any shifts in the workforce, especially when the business itself has to undergo change. While this process can be very complicated, making the necessary preparations doesn’t necessarily have to be painful. In fact, this could even lead to positive results for the organization. Through an effective mentoring program, leaders-to-be become:
- Better prepared to assume the responsibilities of their predecessors
- More committed to advancing their performance for the betterment of the organization
- Devoted to the company and all its goals
- More enthusiastic about helping to train their subordinates
Mentoring Erases the Need for Recruitment and Employee Training
Before disregarding the great benefits of mentoring for developing future company leaders, think about how it actually helps organizations save huge amounts of money for recruiting and training new employees. Any businessman or company leader would know how costly it is to hire, educate and train new employees. In many cases, this would also involve travel expenses and decline in productivity. What’s worse is that the seminars or classes given to new employees are not always the appropriate ones for the workers to have.
Organizations had better make use of mentoring in developing leaders because:
- The veteran personnel are the ones to train new members of the workforce
- The advancing employee trains his or her replacement
- Employees are motivated to remain loyal and productive to prepare for advancement
- The most skillful and talented employees are likely to stay
- Loss in productivity is minimized, especially when an employee leaves
- Mentors know the ins and outs of the organization
Developing Reliable and Experienced Leaders
Leadership mentoring and development is a continuous process, at least in a growing company. As the employees learn from one another, they all experience growth. And so, when there is an opportunity for advancement within the organization, someone from the group will have developed into a reliable and experienced leader.
An individual has to undergo the necessary training and possess the knowledge required to perform certain tasks and responsibilities. But with mentoring, the learning curve experienced by the employees is reduced a great deal. At the same time, the period of adjustment to the goals and culture of the organization is eliminated as well.
Mentoring development within the organization likewise produce employees that are devoted to the growth and success of the organization. These employees are not just ready to assume leadership roles, but they are also given the chance to “own” the company by investing in the professional growth and development of other employees.
The bottom-line here is why would a company even think about spending huge amounts of money and other resources to look for their future leaders? An excellent alternative is to implement a mentoring program through which workers who are committed to the company success are trained and developed.
Copyright, Cecile Peterkin. All Rights Reserved.