High potential team members are the “lifeblood” of most construction companies. They consistently deliver results and drive higher profits. The more of these you have, the stronger your company will be. Inherent in this is some risk and potential.
If you do not identify and provide a formal leadership development program, high potential team members may leave. I am not sure that this downside risk is as great as the upside potential.
Construction is a people-driven business. The better people you have, the stronger your business will run. This will manifest itself into greater profits.
The upside potential of providing a formal leadership development plan is that your company can expedite growth and development of high potential team members. Essentially expediting your way to higher profits.
My experience has been, that most construction companies do not invest in formal leadership development programs. Most companies have little to no leadership training available for their team members. This seems very odd to me. In comparison to most businesses, the success of a construction business is directly driven by the quality of people we have on our team. Construction is like building a car in your driveway. It is tough. The variables and unknowns that are encountered by construction teams can dominate your days. The importance of planning, critical thinking, communication, teamwork, basic leadership etc. is vital to how projects are completed.
Logically it seems that construction companies should have the greatest potential gain by providing leadership development training programs. Yet most companies don’t have a formal leadership development program.
Hopefully, your company provides a formal leadership development program. If they do, great. You work for a smart company. If they don’t, let me know. Pinnacle Development Group has a proven track record of developing leadership programs and developing exceptional leaders. Let Pinnacle Development Group design a custom leadership development program for your company.
By Jeff Pigott, Leadership Specialist, PDG
