The impact of leadership training on a company and its employees can be quite significant. Leadership development has been proven to increase productivity, job satisfaction and the likelihood that an organization will outperform similar industries in the long term by 3%.
The “leadership development trends 2022” is a list of 13 impressive statistics for the year 2022. These numbers show that leadership training will be more important than ever before.
Organizations benefit from leadership training because it helps people prepare for positions of leadership.
While some people are born with innate leadership abilities, others need training to identify and develop such abilities.
Participants who have received leadership training will be able to demonstrate their enhanced abilities and competences as well as develop action plans. Furthermore, they will demonstrate their effect on personnel and how they do their duties. All of these might assist the company reach greater outcomes.
Now that we’ve established the importance of leadership training, let’s look at some leadership training statistics.
(Editor’s Pick) Key Leadership Training Statistics
- Globally, $370 billion is spent on leadership development.
- A total of 58 percent of managers did not obtain any leadership training.
- Men are 13% more likely than women to acquire leadership training.
- Managers in the public sector who have been trained are 88 percent more productive.
13 Facts About Leadership Training
1. Globally, $370 billion was spent on leadership development in 2019.
The training sector makes a lot of money all across the globe. For example, $370 billion was invested in it in 2019. It was $366 billion the year before, in 2018. The United States contributes $169 billion, or over half, of the $370 billion total. Globally, $357 billion will be invested in 2020, including $165 billion in the United States.
Training Industry, as a source
2. Four out of ten corporate executives say their organizations are prepared to satisfy leadership demands.
According to Global Human Capital Trends 2019, 41% of executives say their companies are prepared to satisfy their leadership needs. 80% of business executives, on the other hand, agreed that leadership was a top priority for their company. It turns out that not everyone is yet ready to tackle their top objectives.
Deloitte is the source for this information.
3. Leadership training participants boost their performance by 20% and their learning capacity by 25%.
Participants may increase their performance by 20% and their learning capacity by 25% by participating in leadership training. Participants in leadership training are taught both theory and practice. They may also obtain a lot of practical examples to use in the business.
Journal of Applied Psychology is the source of this information.
4. Companies that take a holistic approach to leadership development are 4.2 times more likely to outperform those that focus just on management development.
Companies that only enable executives to attend leadership training are less likely to perform well. Companies that take an inclusive approach to leadership training, on the other hand, are 4.2 times more likely to outperform those that don’t. This information comes from the 2018 Global Leadership Forecast.
DDI is the source of this information.
5. Approximately 58 percent of managers have no formal leadership training.
According to a CareerBuilder report from 2018, 58 percent of managers had no leadership training. Companies should begin delivering leadership training to all levels of management, as well as other levels, in order to improve overall performance.
CareerBuilder is the source for this information.
6. Nearly 60% of managers with up to two workers did not obtain any leadership training.
Approximately 59 percent of managers with up to two staff did not acquire any formal leadership training. In contrast, 41 percent of managers in charge of three to five staff did not obtain any form of leadership training.
West Monroe is the source of this information.
7. Public sector managers are 88 percent more productive when they get leadership training and executive mentoring.
According to Science Direct, leadership training may help public sector managers become more productive. Managers in the public sector are 88 percent more productive after receiving leadership training and executive mentoring.
Science Direct is the source for this information.
8. One in every four managers believes that leadership development has a direct influence on company results.
Around 25% of managers feel that leadership development helps their firms achieve favorable financial results. Leadership training may have a beneficial impact on revenue, staff retention, talent acquisition, and engagement rates, among other things.
Guide2Research is the source of this information.
9. Men are 13 percent more likely than women to acquire leadership training.
Men get leadership training more often than women, according to DDI study on 15,000 executives. Furthermore, according to DDI, males are 13 percent more likely than women to obtain leadership training.
DDI is the source of this information.
10. The market for leadership training is predicted to expand by $26.7 billion by 2024.
The leadership training industry is expected to rise by $26.7 billion over the next three years. Companies anticipate leadership training to help them rebuild their company following the COVID-19 effect, according to Technavio.
Technavio is the source for this information.
11. Leadership development improves leadership behavior by 28%.
According to data on leadership training, training improves leadership behavior by 28%. Employee turnover and blunders are more prevalent without leadership training and preparedness for a leadership post.
Journal of Applied Psychology is the source of this information.
12. Approximately four out of ten managers honed their leadership style solely via observation.
It turns out that not every manager receives the necessary knowledge and training in order to build a leadership style. Furthermore, 42% of managers honed their leadership style by studying prior leaders. This indicates that they did not have any formal management training.
West Monroe is the source of this information.
13. Only 30% of businesses are successfully training leaders to face the demands of leadership in the twenty-first century.
While 80% of respondents to Deloitte’s survey feel that leadership in the twenty-first century has new problems and demands, just 30% say their businesses are preparing leaders to fulfill these demands. Fairness, inclusivity, and social responsibility are just a few of the criteria and obstacles. Similarly, barely one-quarter of respondents (25%) believe their firms are successfully developing digital leaders.
Deloitte is the source for this information.
The Final Word
Finally, data on leadership training may show how critical it is for businesses to provide leadership training to their employees and managers. Furthermore, leadership data show that training has a favorable impact on the firm. Additionally, data on leadership development could assist firms in understanding that development programs offer several advantages. Finally, leadership abilities will aid people in their advancement up the corporate ladder to management and C-level jobs.
The “leadership statistics 2019” are about the future of leadership. The 13 impressive statistics for 2022 will help you prepare for what is to come.
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