Every job has necessary tools - from hammers and shovels to pens and paper, having the right tools makes it possible to get the job done. In an increasingly digital world, digital tools have been developed for this purpose. As companies discover and collect the digital applications that help them do their work effectively, they create a tech stack.
When you pick the tools that will be a part of your tech stack, your goals are to increase efficiency, improve your bottom line, solve future problems, and scale as your company grows.
Most organizations stack up the tools they need to deliver their product or service, but what about a tool that develops the people that drive those results? By adding a leadership development tool to your tech stack, you’re setting your organization, and your teams, up to be more successful today and for the long-haul.
Every company strives to increase efficiency. They implement systems and technology that allow for automation or a smoother workflow. But rarely do they look for ways to increase the efficiency of the people they have hired (which, by the way, drive your bottom line).
When it comes to people, efficiency is measured in the amount of work produced in a given amount of time. One way to increase the efficiency of the people in your organization is to identify and focus on their strengths. Studies have found that teams that focus on strengths every day are 12.5% more productive than teams that don’t. (Gallup)
With Leadr, you have access to a host of tools that help you to identify and amplify the strengths of each individual in your organization. From personality assessment insights to collaborative, consistent meetings focused on goals, you will be able to ensure that you have the right people in the right seat to maximize the efficiency and productivity of the people you hire.
Improve Your Bottom Line
People (in the form of payroll) are usually the biggest line item in an organization's budget. Gallup estimates the cost of disengagement is 34% of salary. In other words, $3,400 for every $10,000 of salary. (LinkedIn) Disengaged employees are also more likely to leave or be let go. For each employee lost, the cost to the company could be 50%–250% of their annual salary. Not to mention the time spent recruiting, hiring, and training a new team member. (LinkedIn)
In contrast, highly engaged employees produce at 21% greater profitability across industries, company size, location, and economic conditions.
Adding a leadership development tool to your tech stack increases engagement by equipping your staff with personalized leadership development content to enable skills and character growth. Not only does this improve employee engagement today, it also helps you develop the people that will lead your organization in the future.
Invest in your people the way they want - by allowing them to learn and grow.
Solve Future Problems
If the recent health crisis has taught us anything, it is that being able to problem-solve and make adjustments is a skill that helps an organization thrive. Strategically solving problems involves analyzing the problem and finding the root cause. Effective solutions call for keeping an open mind to every possible solution.
With a leadership development tool in your tech stack, your managers become coaches who are equipped to identify areas of strength in each employee, giving them the potential to become a leader in the right context. When your employees feel empowered to lead and contribute their ideas, you increase the capacity for innovation and problem-solving when the need arises.
Scale With Your Company
The Development Dimensions International’s (DDI) Global Leadership Forecast 2021 found that the number one problem for CEOs was developing the next generation of leaders. These new leaders need to be emotionally intelligent to support the lives of their employees, not just their work experience. They also need to be teachers and coaches who can deliver effective feedback that will help their teams grow. In addition, they need to be able to look to the future and cast a vision for what their team can become.
By bringing Leadr into your tech stack, you can begin to nurture the leaders that your organization will need as it grows. Then, when a leadership position becomes available, your organization can find itself among the 42% who can fill critical roles rapidly with internal candidates. This saves time and money that would otherwise be used searching for a suitable leader.