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Showing posts from June, 2024

3 Steps to Measure ROI of Leadership Development

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Leadership development null initiatives should always have an ROI. There is a formula to measure the ROI of leadership development programs, and there are specific steps you can take that will make measuring results significantly easier.   It all revolves around building an effective measurement plan that provides the roadmap for what data you will collect to measure the success of your initiative. And it’s something you should think through at the beginning of an initiative/program. The measurement plan has 3 primary components. Why is your organization willing to spend money on the program you’re trying to measure?  Ask  the sponsor or ask yourself, “Why is the organization willing to spend money on this?” The answer could be something high level, like, “We are falling behind the competition.” Tied directly to the “why” is, “ What results  does our organization want out of the initiative?” To understand this, ask questions like: What are we trying to achieve? Wha...

Looking For a Way to Power Up the Impact of Your Leadership Development Programs?

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  If you’re looking to power up the impact of your leadership development programs, try coaching. It’s the missing puzzle piece that makes the learning “stick.”   Let’s say you and your team members create an amazing best leadership development program to help your leaders build their coaching skills and increase engagement with their teams. Everyone RAVES about the program and demand for the program skyrockets. Naturally, the feedback on the program is extremely positive and your NPS scores are at an all-time high. You’re super excited about the program, but … in the back of your mind, you’re wondering if the participants are going to be able to apply what they learned when they’re back on the job. Or, let’s say your L&D team works with one of your internal clients to revamp a training program to increase customer satisfaction and build brand loyalty. The previous program was dated and drab, and the new one is engaging and interactive. Participants leave the training fee...