Without leadership and vision, an organization will perish. Many business leaders know this, but they may not necessarily know how exactly to lead: What really makes a good leader? Complicating matters is the fact that leadership is a moving target; what leadership looked like five years ago may not be relevant today. Here are some of the newest trends in leadership this year, according to leadership and business expert Grace Jackson suntrust.
Human Capital Investment
One of the biggest leadership trends this year is investing more in human capital. Smart industry leaders are capitalizing on America’s millennial population of workers, being that they make up the largest percentage of today’s workforce, and they are doing this by offering professional development opportunities. Millennials generally seek personal development, which is why offering mentorship opportunities in the workplace is a wise move.
Business performance has been shown to be driven by team performance, but an increasing number of leaders are just now realizing that dividing businesses into functional areas of expertise, also known as silos, is not helpful for promoting the type of panoramic understanding that workers require to make the right decisions. For this reason, more attention is being given this year to knowledge sharing among business functions, also known as cross-pollination. It was once an added bonus in the workplace, but it is now becoming a must-have for helping a business to stay competitive.
Learning has long been promoted in the organization, but in the past, continuing education and training courses were always created for the masses in a one-size-fits-all approach. However, thanks to technology, personalized learning is taking center stage. This means learning can be catered to and optimized for a learner’s specific style, goals, pace, and interests. Rather than sitting through a long company course that takes 30 or 60 minutes to complete, employees can complete small learning segments that are between one and three minutes long, which are less overwhelming.