Finding, developing, and supporting leaders continues to be one of the biggest challenges for most organizations. A 2016 Deloitte survey showed that while the budget for corporate leadership programs increased by 10 percent, more than one in four respondents (28 percent) still felt that their leadership pipelines were weak.
Part of the difficulty lies in developing people for a role that changes continually. What defined leadership 10 years ago may no longer be relevant today, and tomorrow’s challenges may require a new set of capabilities.
Using competencies to define and develop leaders can help your organization to build a leadership team capable of providing direction, vision, and inspiration during increasingly uncertain times. These resources offer an introduction to competency-based leadership and the ways in which competencies can be applied to your organization’s leadership challenges.
1. Competency-based leadership development
What is competency-based development, and how can it help your organization identify and nurture leadership potential? This introductory blog post on “Competency-based leadership development” outlines some of the key terms and concepts.
2. Transformational leadership competencies
For a deeper exploration of the competencies that today’s leaders need to build on, read “Leadership Redefined: A Competency-Based Guide to Transformational Leadership.” This ebook includes HRSG’s competency framework for transformational leadership and shows how leadership, business, and personal competencies converge to create a profile of a responsive, accountable, adaptable leader.
3. Leadership in challenging times
Today’s leaders face greater volatility and uncertainty than ever before. Globalization, changing workplace demographics, the talent crunch, and the rapid pace of technology are just a few of the trends leaders must navigate. The ebook “Leading Change” explores some of these challenges and looks at how competencies can help leaders manage change more effectively.
4. Leadership in a Millennial era
The workforce has reached a tipping point, with Millennials soon to be the dominant force in the workplace. How will this change the way leaders engage with the organization? What type of leader is capable of engaging and inspiring the younger generation? The blog post “Leadership competencies for a Millennial reality” looks at how this demographic trend will impact leadership.
5. Guide for leadership candidates
Expectations for leaders have changed dramatically over the past decade. The ability to support and manage change, inspire loyalty among employees, and engage the wider community are key elements in contemporary leadership roles. This “Candidate leadership guide” helps leaders tell their story in a way that aligns with today’s business priorities and fits the behavioral-interview model now used by the majority of organizations.