Without Effective Leadership and Management, 79% of employees will quit! - byldgroup/BYLD-Group GitHub Wiki

Why is effective leadership and management necessary today?   Let us look at some of the important statistics in 2020 to understand the importance of leadership and management.    Without proper motivation and appreciation, 79% of the employees will quit organizations in search of other opportunities. This will increase the workforce gap and reduce the productivity of the company.  Engagement with work is one of the important factors that drive productivity. In the current business sector, 78% of business leaders believe that the focus should be on training individuals to increase engagement. Only 10% of people are national leaders, and the others require leadership and management training to enhance their skills.   Leadership training is an important aspect of business today, and in the United States, more than 160$ billion is spent on leadership development every year. In India, the changing business landscape, which includes a hybrid working model, makes it imperative that the youth are trained in leadership development to understand how to tackle challenges and adapt to change.   

Defining Leadership and Management

  Understanding what leadership and management comprise might be more complicated than we thought. Leadership can be defined as a behavior that involves developing and planning a structure so that a group of people can work towards completing a certain task. Leaders are effective motivators who will drive productivity and capitalize on the skills and capabilities of their workers. Leadership also encompasses traits such as the power to encourage people and communicate effectively. 

Management that is related to leadership is a process by which the individual plan and organize activities for their employees effectively. Learning and organizational skills require a person to understand the behavior of the workers. Sometimes leaders also require upgrading their leadership skills. The changing expectations of the labor and customers have made it imperative for workers to take Leadership and management training. The training will help professionals develop the management theory and initiate change in the company.   

Tips for leadership development in the workplace

  Initiate a learning environment – Train for growth should be the mantra of every organization today. The pandemic has taught us to be prepared for any uncertainties, and with the changing business landscape, it is important that every organization implement an educative environment. Training and education are the two most important aspects to ensure organizational stability.

Empower, communicate and listen – Initiate leadership development by implementing training programs that will empower your employees. Listening is sometimes more important than talking; being heard can be empowering and motivating simultaneously. Communicating with your employees regularly can enhance their understanding of their job roles. Self-reflecting on your capabilities can help you develop the confidence to drive change in the organization.