It’s no secret by this point – the economy isn’t as strong as it used to be. Companies are downsizing and, as morale levels drop, so does job loyalty. But that doesn’t mean that corporations should focus only on the bottom line and ignore the professional development of their employees. Companies need strong leaders to get through a rough patch in the economy, and taking the time to invest in your staff’s leadership skills will result in less turnover, higher morale and subsequently higher productivity and revenue. (http://www.computeruser.com/articles/view/0fa88ec12d47972c7ab227004a995271)

There is a myth that people are born leaders, but the reality is that leadership is about skills, attitudes and behaviors that are learned over time. (http://www.portfolio.com/resources/insight-center/2007/09/11/Leadership-Ability) People who don’t recognize these skills within themselves cannot act upon them and, as a result, will not be able to contribute to your company to the best of their ability. Taking the time to invest in developing these skills will not only show your employees that you care about them and their future with your company, but it will also result in improving your company’s bottom line. Employees who feel valued are much more likely to have high levels of productivity.

Chances are that if you’re considering sending someone to a leadership development program, you already value something that they bring to your company. Investing in their skills shows that you care about them and their future with your company. Employees who feel appreciated will be less likely to jump ship should another opportunity come along, ensuring that the skills you need remain with your company.

Making an investment in your employees’ leadership skills isn’t just an investment in the individual – it’s an investment in the future of your company. Employees who are strong leaders will have higher levels of productivity, increased job loyalty and the ability to develop leadership skills in others. Empowering your staff to realize their potential will ensure that your company survives any economy, whether it’s good or bad.