Title: How to Develop Your Future Leaders | Michael Page
Headings: How to Develop Your Future Leaders
How to Develop Your Future Leaders
Give Them Wider Business Exposure
Change Their Role and Responsibilities
Challenge Them With Real Business Situations
Set Support Systems in Place
Provide Mentoring and Coaching
Give Feedback
Reward Them Fairly

Content: Not all the decisions they make will be your ideal course of action, yet outwardly showing support for your future leaders demonstrates trust and respect in them. Provide Mentoring and Coaching
Aspiring leaders should feel that there is someone they can turn to for advice, guidance, and support on a professional level. You can appoint mentors by choosing your current leaders, or ask retired executives or relevant professionals in other companies for their input. Developing a structured mentoring program is important so you can determine the specifics of the relationships and track mentoring progress. Give Feedback
Without regular constructive feedback, your leadership development program can fail before it has had a chance to flourish. Let your future leaders know how they are performing, and give them praise and advice to encourage them on their journey. They will be eager to find out if they are doing a good job and if there are any areas for improvement or further development. Feedback will help you to identify early on if there are any issues or if you need to make any changes to the pace or structure of their development. Reward Them Fairly
Recognize your future leaders’ achievements and growth throughout the leadership development program, and reward them accordingly. This may be in the form of performance goals, the challenge of further responsibility, a new job title, financial incentives or even a greater stake in the company’s future or the company itself.