Leadership Development

Meaning & Definition

Leadership development involves training employees to assume managerial and leadership roles in a company. It includes training people to develop their decision-making skills, communication skills, strategic thinking skills, problem-solving skills, and team management skills so that they can eventually assume leadership positions. 

Important Features of Leadership Development

• Creating a pipeline of future leaders.
• Enhancing employee performance and management capability.
• Promoting succession planning and business continuity.
• Enhancing organizational effectiveness through better decision-making.
• Encouraging greater employee engagement, retention, and career transition opportunities. 

Legal Compliance

There are no specific requirements regarding leadership development under any statutory compliance. 

However, the majority of organizations will include leadership development initiatives as part of their talent management framework, learning and development strategy, and succession-planning initiative.