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Corporate Leadership and Development

A company is a collection of people who work for the same purpose, and a leader is absolutely necessary to set these goals. The growth of a business can only be achieved by the talent poured out by the people in it.

To be able to recognize, attract, fill positions and maintain business leadership talents, companies need leadership development programs that focus on hiring strategies, employee self-development, and career planning.

Companies will face various challenges in finding and developing superior leaders. A leader who does not only work alone and without involving anyone is an effective form of leader strategy. Effective leadership is not just a center of position or strength, but also an active interaction between effective components.

The function of an effective leader is to be able to help achieve organizational goals, move members towards these goals and realize interactions and attachments among individuals and maintain the strength and cohesion of its members.

The main functions of talent management have an important role in a comprehensive leadership development program and can be supported by an integrated technology platform devoted to talent management. These functions include recruitment, assessment, performance management, and career level planning.

A successful leadership development program starts from aligning the development of leadership with the company's strategy and understanding the types of leadership needed to be able to run the strategy.

1. Determine the Leadership Style that is Suitable for the Company
There are lots of theories and techniques to determine the leadership style that is suitable for an organization. Take for example, a leadership style needed by the head of corporate security is definitely far different from the leadership style of the museum's director of art. Corporate culture also plays an important role in determining leadership style.

One reason for the high failure rates of new CEOs is that they are unable to adjust to the organization they lead. More than half of them cannot afford to go through more than four years. There are several ways to assess a leader's ability to adjust:

- Get to know them further. Psychological and behavioral assessments are statistically proven to be directly related to the success of leaders in the future.

- Understand corporate culture better. Ask the board of directors, employees, vendors, consultants for their views and thoughts about the criteria for effective leaders in a company.

Use both of these information to find compatibility or incompatibility. If there are striking cultural conflicts, then be prepared to look for better candidates and have special expertise for your organization.

Read also: Developing Leadership Skills in Youth

2. Get to know the leaders who now exist or have the potential both inside and outside the company
Leaders can be found from within the company or from outside. Companies must be able to weigh the costs and time needed to develop internal leadership on costs and availability if they want to recruit from outside the company environment. Research shows that one of the benefits of developing leaders internally is that they are able to achieve the productivity level that is desired 50 percent faster than outside candidates.

3. Recognize the existence of gaps in leadership
To be able to recognize loopholes in leadership, companies must be able to determine what is needed from the leader at this time and in the future and then compare it with the team of leaders that exist at this time. Then look at the flow of leadership development and identify gaps in expertise and the time that will be needed to fill these gaps, either through a plan for succession of positions or recruitment.

4. Develop a Plan for Job Succession for Important Roles in the Company
A mature succession planning position can avoid employee distractions and trauma when the CEO leaves the company, whether it was previously estimated or not. But succession plans must not be limited to executive roles. As part of a leadership program, companies must be able to evaluate important roles in all parts of the company.

5. Develop Final Career Planning Objectives for Potential Leaders
Companies that support career planning for their employees will get a period of retention, involvement and protection in the leadership flow. Combining employee self-development with independent career planning will enable employees to explore potential career paths and also choose which development activities are needed to achieve them.

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6. Develop an Expertise Roadmap for Future Leaders
If high-potential employees are identified, the expertise roadmap must be prepared for its leadership in the future. At present, the self-development program must be able to support traditional and non-traditional learning methods, for example implementing social networks as tools in the development process.

7. Create Retention Programs for Existing and Potential Leaders in the Future
Linking wages to performance levels is a good motivator for employees, but alignment of goals can help leaders to be able to focus on things that are important to the company. Recognize and appreciate good work performance, and increase bonuses based on the success of the employees themselves and the company.

Leadership retention is very important for all organizations, for two reasons: employee turnover is expensive and optimal business performance is determined by motivated employees.

A well-designed leadership development program is the key to recognizing, attracting, filling positions and maintaining corporate leadership. The application of cutting-edge technology can provide a platform that allows all that to be done, starting from recruitment, assessment, performance management, job succession and career planning, as well as individual development programs.

Talent management practices that are implemented together with the application of appropriate technology can effectively recognize and develop leaders who can drive business performance, for all parts within the company.