Your leadership plan needs an overhaul.

Why does your leadership plan need an overhaul? It’s not working. That’s why. But don’t just take our word for it. Take a look at some proof gathered ‘round the Internet. And, sure, we know that everything online is not always true, but statistics don’t lie, folks, and the numbers are in.

The HRPA reports that 63% of millennials feel their leadership skills are not being developed. As a result of this, 71% of those millennial employees want to leave their job within two years to remedy this deficiency. Why does that matter? 

Well, an estimated 10,000 baby boomers retire every day, and by next year, millennials will make up 50% of the global workforce. Millennials have entered the workplace en masse and are quickly rising past entry-level roles. This “new” generation will be running organizations is quickly approaching. As such, organizations that want to thrive in the future must invest in millennial leadership development.

Meeting millennial learning needs with your training programs will not only help to develop build your internal leadership pipeline, it will also help to increase millennial engagement and retention. And here’s the thing: Deloitte’s Global Human Capital Trends 2016 report found that more than half of the surveyed executives reported that their companies are not ready to meet leadership needs. Moreover, only 7% stated that their companies have accelerated leadership programs for millennials.

Yikes. 

But check this out: 89% of executives surveyed believe strengthening organizational leadership is a top priority, and 87% of millennials rate "professional or career growth and development opportunities" as important to them. So what now?

Wildsparq. That’s what. And, hey! It’s not all bad news here. When a company improves their approach to training and developing managers and leaders, the results are astounding. The surveyed organizations those managers worked within also reported 114% higher sales, 70% lower turnover, 71% higher customer satisfaction and 90% lower absenteeism just to name a few.

*****

Are you ready to start developing your company’s leaders? Take a small step by checking out wildsparq.com, and then schedule a live demo by clicking HERE. We’d love to show you how Wildsparq can help you overhaul leadership development in your organization or business.