Support leaders or lose them, report warns
HR managers must have leadership development programs in place for employees or face the risk of losing them when the economy recovers, a new report warns.
Leaders need training tailored to economic downturnCommunication skills are the most important competency for leaders during a downturn, the report says, followed by strategic focus, flexibility, commercial acumen and honesty/transparency.
While survey responses indicated that four in five organisations offer their management teams general leadership training, just under half (48%) of this training was tailored to the current economic climate.
The report says leaders who have the competencies to lead through a downturn and into recovery will have a greater sense of control over their roles and ownership of the organisation they work for. This will enable them to better support and reassure their teams.
Promote self-awareness among leadersThe report says the first step in supporting leaders is to assess their current level of capability, using:
Provide a road map to improve leaders' performanceThe report recommends formulating a development plan for leaders to improve their performance.
Managers need the support of an experienced leadership coach, the report adds, to help them set goals and provide the advice they need to improve their skills.
"Investing in development will equip leaders to guide their organisations out of the downturn and take advantage of the opportunities that will undoubtedly be presented by the recovery," the report concludes.
If you have some HR news to share or would like to suggest a topic for an article, click here to email the editor.