It is mandatory to procure user consent prior to running these cookies on your website. Whilst the focus in the past has been on ‘hard skills’ These types of skills include emotional intelligence, creativity, adaptability and time management. According to a McKinsey & Co. study, 70% of complex, large-scale technological change programs don’t reach their stated goals. have a plan of action for how to leverage those disruptions for strategic advantage. Trends in Leadership and Leadership Development The Evolution of Market Needs Demographics, globalization and technological innovation have transformed many organizational practices. Online leadership training is on the rise. hen so many organizations are shifting to remote work that relies on digital connectivity and technological processes rather than in-person methods of business, the lines between the physical and digital worlds are becoming more and more blurred. The days of the “hero” leader, or “the smartest person in the room” who must know everything and micromanage his or her direct reports will be a thing of the past. hbspt.cta._relativeUrls=true;hbspt.cta.load(2701262, '210e3db8-0a26-4fd7-b7a3-56af05cf8b16', {}); Hungry for more? However, the entry of millennials into the workforce merits that you re-evaluate your leadership development initiatives, especially since millennials are expected to make up 75% of the global workforce by 2025. Using a blended approach to leadership development allows leaders to break up their courses into more manageable sessions of one to one/class tutoring, with some transportable materials such as online webinars, and on the go tutorials that leaders can easily fit into their day with little disruption. studies conclude that employees are battling everything from, remembering to take breaks while combating the distractions of, ’s needs. advancement as a company, but rather opportunities to improve upon existing organizational processes, or develop new ones better suited to the modern business world. As we look ahead to 2020 and beyond, leaders have rarely been in such a position to take on as many challenges as there are opportunities. Microsoft Japan’s 4 Day workweek improved performance by 40%, and Shake Shack’s 4-Day Manager workweek was a solution for labor costs. Of the many books written about leadership, few move beyond conventional accounts of theory, or truly scrutinise the leadership agenda. This webinar will address: The 7 emerging trends reshaping leadership development — a mix of challenges and imperatives that are influencing tomorrow’s workforce; In a time of ongoing, and unprecedented, organizational disruption, being a great leader is critical in keeping your organization on track towards success, even in the face of unfamiliar challenges. Welcome. the company is operating. The new age of trust, honesty, and personal initiative has finally begun. Our ten trends and ten competencies have been compiled from a literature review that includes whitepapers, research reports, government(s) data sources, studies and surveys, books and more, tapping the minds of leading authorities in each of the ten trend areas (see graphic below). Download books for free. of envisioning the future of your company, enabling leaders to develop a business strategy that can turn disruption into business advantage. Some general strategies leaders can use to remedy the unique challenges of remote work can include: Remembering that remote team members will have varying responses to the new standards and expectations involved in remote work, and that some employees have challenging work-from-home disruptions, Building and maintaining trust-based relationships, as much of the work you could monitor in-office, will be done without your direct supervision, Setting clear standards for conduct and expectations for work, Constantly communicating and maintaining a positive, morale-boosting company culture, Getting employees together face-to-face via online video chatting meeting rooms to increase communication and limit isolation, In the 2020 business market, accountability and radical transparency are, rapid speeds, and where employees are digitally connected, executive leaders cannot afford to. Instilling plans of actions for recovery is critical, but so too is the acknowledgement that other disruptions are not on pause while you deal with this one. This website uses cookies to improve your experience while you navigate through the website. Digital transformation is a trillion-dollar industry that aims to integrate digital technology into all aspects of business. The trends and advances that exist in the business world reflect the changes that are taking place around us. The flexibility of blended learning makes it much easier to keep up as your business scales and grows, particularly nowadays when working from home and remote working is much more common. If a leader wants to be truly engaged with the work they are doing, they need to stay on top of all the current trends that are influencing their company, industry, team members, and themselves. Once a leader accepts that they don’t know, or need to know everything about their specialism, and may not have all the answers ,it opens up the opportunity to bring in external consultants to share their knowledge and experiences. As we move through 2021 and towards next year, we will begin to see a shift in the hierarchy structure of many companies, particularly those in creative industries, and start ups. In fact, many of them can be utilized to your advantage, strengthening your ability to successfully lead your organization through this disruption and boost overall morale, and ultimately, organizational success. Remote working offers better flexibility, and better work life balance to your employees, it also opens up the ability to employ people from different backgrounds, and even countries, making the talent pool you’re fishing from much richer, which in turn will help to grow your business. As beneficial as remote work may be for some employees, not all will be receptive to it. One essential method is the strategic business resilience planning process, . Ensuring people adjust to their WFH environments is in fact, a very diverse undertaking. Leadership development current trends: • The leadership development process is primarily taken care of by the HR team with assistance from the leadership team in SMEs. Adaptive leadership can be seen as a practical leadership framework, helping both individuals and larger teams and organizations adapt to changing environments so they can effectively respond to recurring or sudden disruptions in a timely manner. As beneficial as remote work may be for some employees, not all will be receptive to it, especially when it is their only option. By continuing to browse this site you are agreeing to our use of cookies, however you can change your settings at any time. Developing training strategies now to ensure millennials are well prepared for leadership is an important way to ensure smooth transitions once the next generations of employees (Gen Z) enter the workforce. Topics: It used to be that senior employees were the first to be promoted to leadership or managerial positions in many companies. HR will be tasked with extending support mechanisms that do ensure work continuance while respecting employee’s unique, Being a leader today is particularly daunting, but there, a surplus of resources available including your own colleagues. They need to get comfortable with the idea of constantly updating and adapting what they do, and how they do it, to meet evolving strategic goals and mend new issues that arise in those processes. Being a leader today is particularly daunting, but there is help to navigate your way through this unfamiliar territory. 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