In today’s workplace, developing leadership capability among senior leaders, workplace leaders or frontline leaders is a strategic business move.
Key findings from the Study of Australian Leadership state: ‘Leadership matters for performance in a number of ways. Leadership drives the development of core organisational capabilities associated with meeting and exceeding targets, performance relative to competitors and profitability.’
One of the most effective ways to instil leadership knowledge is through providing recognised training such as the BSB40520 Certificate IV in Leadership and Management.
Supporting employees in undertaking the BSB40520 Certificate IV in Leadership and Management isn’t just an investment in individual growth, It’s a proven way to boost team performance, workplace culture and business outcomes.
‘Good leadership positively affects:
- Motivation
- Financial Performance
- Engagement
- Job Satisfaction
- Trust
- Commitment
- Quality
- Effort Levels
- Employee Turnover
- Citizenship Behaviours.’
The BSB40520 Certificate IV in Leadership and Management equips staff with practical and immediately applicable skills. From leading teams and managing performance to handling conflict, risk and WHS obligations, graduates gain confidence and tools to lead effectively.
This leads to:
- higher team productivity and efficiency
- stronger communication and decision-making and
- better alignment between leaders and organisational goals.
Better performance
The Study of Australian Leadership determines that ‘Workplaces that invest in a range of leadership development activities have more capable leaders with a stronger belief in their ability to do the job. Both of these factors are associated with better performance and more innovation.’
Competitive advantage
‘One in four senior leaders in private sector organisations has no formal training beyond secondary school. The same goes for majority Australian-owned, and small or medium-sized organisations.’
Just by providing your senior leaders with formal training options, you are putting your team at a competitive advantage.
Employee satisfaction
Employee satisfaction is key to a better performing workplace. And a culture where learning is valued and created because ‘…those who are satisfied by their employer’s learning culture are 25% more likely to be happy at work.’
‘High-performing workplaces have more committed and engaged employees, suggesting that employee satisfaction is another important ingredient in workplace success.’
Reduce staff turnover
It can cost up to $40,000 to hire a new employee. Not to mention the disruption and hassle of staff turnover, particularly if it becomes a regular thing.
Offering leadership development pathways and upskilling like the BSB40520 Certificate IV in Leadership and Management can assist with employee retention and boost morale, whilst demonstrating your organisation’s commitment to career development.
Diversity
By investing in the right team members, you will be helping to diversify the workplace, which benefits everyone.
The Study of Australian Leadership has stated that currently, ‘The leadership of Australian organisations is less diverse than Australian society at large. Women, young leaders, and leaders from non-English speaking backgrounds are under-represented relative to their shares of the broader population.’ Around three-quarters of leaders were born in Australia, and four out of five current leadership roles are occupied by men.
Succession planning
Australia’s leadership landscape is shifting, with more than 40% of senior leaders now aged 55 and over and a further third in the 45 to 54 age group. As these experienced professionals approach retirement, it’s vital for businesses to take a proactive approach to succession planning. Preparing emerging leaders now will ensure a smooth transition and safeguard future leadership capability.
And it’s never too early to be considering succession planning.
By supporting people in your team with this qualification, you’ll be developing leadership pipelines, driving long-term business growth and building a resilient, skilled workforce.
If you’re in HR, management or operations, now is the time to support your team in completing a BSB40520 Certificate IV in Leadership and Management. It strengthens internal leadership capability, improves engagement, and helps retain your best people, while setting your organisation apart as one that invests in its future.
