According to Chief Learning Officer magazine, a leading voice in the workforce learning and development industry, there are 6 best practices that are common to all highly successful leadership development efforts.

After two years of research, the best practices identified by CLO are:

• Strong executive engagement
• Tailored leadership competencies
• Alignment with business strategy
• Target all levels of leadership
• Apply a comprehensive and ongoing approach
• Integrate with talent management

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Motivating employees is perhaps one of the greatest challenges that employers face. Different employees are motivated by different things. But there are a few basic methods that work for all. Here’s a list of the top 10 ways that you can use to ensure that your entire workforce is properly motivated. After all, happy employees are a prime requisite for successful enterprises.
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Assessment tools are increasingly being used by organizations to evaluate their employees’ knowledge and skills, interests, values, personality, work ethic and work styles to ensure a proper fit not only in a particular job role but also within the organization’s culture. But how can you be sure assessments will be useful and cost-effective for your organization?

Companies can measure the Return on Investment (ROI) of employee assessments in many different ways, but the basic formula for any organization is relatively simple:

ROI (Percentage) = (Total Benefits - Total Costs) x 100 / Total Costs, where

Total Benefits include money saved by the company, capital generated, and everything else that adds to the bottom line, both directly and indirectly. For example, if the use of assessments during the hiring process reduces turnover, savings would include the cost of replacing an employee (potentially up to 150% of their annual wages) multiplied by the number of bad hires avoided.

Total Costs include development costs, loss of work time, materials required, administration and coordination costs, promotion costs, meals/ refreshments, and cost of job coverage. Online courses will include certain additional costs like pre-production, graphics, servers, post-production, web development costs. When using online assessment tools, these costs could be as low as a few hundred dollars or less per employee.
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You can’t run a successful business without the right employees.

Whether you’re big or small — especially in the present business environment — even one “bad fit” employee can quickly grow into a seriously expensive mistake.  Fortunately, there are several excellent ways to soundly evaluate and judge a prospective new hire.

5 Steps to Avoid Costly and Preventable Hiring Mistakes in Your Organization

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The key to creating an effective workforce is to develop the top talent in your organization.

‘Employee development’ initiatives help employees work better and smarter, create greater employee loyalty, and boost your bottom-line.

To develop the key talent in our organization, follow these six steps.

6 Steps to Developing Key Talent in Your Organization:

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