More than ever, emerging mission-driven leaders are hungry for opportunities to learn–particularly practical, hands-on skills and abilities they can use in their current and future work. Promising leaders are more willing to stay with an organization if there are learning and development opportunities. On the flip side, they’re more likely to leave if learning isn’t a priority.
From a sector point of view, this is a really good thing. Nonprofits tackle some of the most complex issues in the world–usually without enough resources or infrastructure. This makes building talent at all levels critical to overall effectiveness.
From an organizational point of view, research shows that learning and development initiatives have a very high return on investment–creating more impact, increased revenue, lower costs, and greater stability. Sadly, most organizations spend their leadership development dollars ineffectively or don’t invest at all. It’s possible to begin with free or low-cost learning opportunities, but organizations need to help their senior leaders, boards, and funders see that longer-term investments in talent are mission-critical. [Read more…]