According to a new study, 86% of companies were able to calculate the ROI of their leadership training in Dubai. Of those, 19% reported an ROI of over fifty times their investment, while the other 28% reported ROIs ranging from 10 to 49 times. On average, these companies realized a return of seven times their investment, which is impressive. But what’s more, these results do not apply to every company. Those who have tried leadership training will tell you that the results are not always what they promised.
A new study shows that more than half of millennial would prefer a job where they could develop as a leader over one that did not. While millennial do like a higher salary, they are equally as interested in advancement opportunities and the ability to advance quickly. This could have significant implications for a business. By providing leadership training for employees, companies can increase their overall productivity and improve their retention.
Improved team performance:
Achieving improved team performance is a challenging task largely dependent on leadership skills. A cohesive team produces higher trust, efficiency, and productivity, which benefits the entire business. Businesses with highly engaged employees outperform their competitors by 202%. In contrast, teams with dysfunctional leaders fail to meet their goals. This is because team members are not communicating and may have conflicts and disagreements.
Improved employee morale:
A happy workforce is productive. Improved employee morale can be gained by scheduling social events and encouraging employees to interact with one another. Employees feel valued and connected when they have regular one-on-ones with their managers. They are more likely to cooperate when they are encouraged and motivated. Here are some ways to improve employee morale:
Improved employee engagement:
Employee engagement has become a top priority in business. While it is not possible to eliminate employee turnover, it is critical to increase productivity and retain top-quality team members. Gallup’s State of the Global Workplace report found that only 15% of employees worldwide are “engaged,” meaning they are dedicated to their jobs and advancing the organization’s goals. Gallup’s research found that employee disengagement costs $550 billion per year of lost productivity. However, in addition to being a serious problem, employee disengagement is also an exciting opportunity for many companies.