Strategies to Retain Your Best Leaders in 2023

Organizations lose good people every year. In this current era of workforce disruptions, the losses can be even worse. The challenge for organizations is to minimize the loss of their best leaders. This has implications not just for the current year but could reverberate for years to come from an interruption of your leadership pipeline. There are two strategies organizations should deploy immediately to minimize the loss of their best leaders in 2023 and beyond, including:

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Tales From the Leadership Front: The Negative Impact of Toxic Leaders

Have you ever worked for a toxic leader? Fortunately for me, I have never been in that situation. I’ve worked for bad or ineffective leaders, but not a toxic one. Toxic leaders disrespect their employees, are abusive, unethical and typically don’t take responsibility when something goes wrong (but will take the credit when things go right).

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Is Your Leadership Program Missing the Target?

It is if it doesn’t include a Leadership Resources Management Solution (LRMS). An LRMS is a data-driven approach to managing an organization’s leadership resources. It replaces subjective interviews, relationship-based promotions and selections with a quantifiable, repeatable and unbiased leadership management tool.

The impact of using LeadershipRMS in your organization is significant, including:

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Identifying the Gaps in Your Leadership Practice

Most people overestimate their leadership abilities. That’s assuming they have performed any type of personal leadership assessment. In our leadership training sessions, after some basic leadership level setting, the first, and longest, topic we discuss is assessing one’s leadership abilities. This includes assessing who the participants are as a person, who they are as a leader, how their leadership is perceived by others and their situational influences. This are usually a very illuminating exercises as they learn more about themselves and the perceptions of others they work with. After all, if you don’t know yourself, how can you expect to lead others. Additionally, in leadership, perception is everything. If the people around you don’t perceive you as a good leader they may resist following you. On the other hand, if they perceive you as a good leader, they will probably follow you almost anywhere.

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Are You Ready To Take Your Leadership Program To The Next Level?

You can by adding a Leadership Resources Management Solution (LRMS). An LRMS is a data-driven approach to managing an organization’s leadership resources. It replaces subjective interviews, relationship-based promotions and selections with a quantifiable, repeatable and unbiased leadership management tool.

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Which Direction Is Your Leadership Program Headed?

Is it identifying and growing better leaders? Does it support management of all your leadership resources?

These questions can be answered with a leadership resources management solution or LRMS. An LRMS is a data-driven approach to managing an organization’s leadership resources. It replaces subjective interviews, relationship-based promotions and selections with a quantifiable, repeatable and unbiased leadership management tool.

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The 3 Reasons You Need a Leadership Resources Management Solution Right Now!

If your organization has not already implemented a leadership resources management solution (LRMS), here are 3 reasons why you shouldn’t wait another day.

An LRMS is a data-driven approach to managing an organization’s leadership resources. It enables more informed decisions in promotions, assignments, retention and hiring and is supported by an assessment tool that produces quantifiable, repeatable and unbiased results. It replaces subjective interviews, relationship-based promotions and selections and can be the difference between keeping and losing your best leaders, the difference between identifying and missing high potential hires, and the difference between promoting people based on leadership potential or on prior functional success.

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Leadership Analytics 247 Information Session

Attend a free information session to view our Leadership Analytics 247 platform, a Leadership Resources Management solution that helps organizations better manage their leadership resources. It can be the difference between keeping and losing your best leaders, the difference between identifying and missing high potential hires, and the difference between promoting people based on leadership potential or based on prior functional success. Each of these could have dire consequences for an organization.

Learn more about the platform, choose a session and register here.