Companies spend over $80 billion annually on leadership development, but only 15% of L&D professionals rate programs highly effective. Just 25% of companies find their leadership training valuable and current.
Effective leadership development impacts engagement, retention, productivity, and well-being, but superficial factors like snazzy websites shouldn't drive program selection. Content relevance and delivery matter most.
The ROI of leadership development no longer hinges on targeting only high performers; with flattened hierarchies, more leaders are needed. Providing access to development for more employees can identify future leaders.
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