Is a return on investment (ROI) assessment possible on investment in developing leadership skills? The answer I believe is an emphatic yes, despite the fact that a minority of organisations of any size attempt to do so.
When I talk to or work with organisations, I am often asked “what is the payoff?” to which is often added “when?”. Although in suitable questions, they are rarely followed through because in reality, most organisations that invest in leadership development do so from a perspective of ‘distress’ or with a strong instinct that it is worthwhile. I think there is a place for this type of justification of investment but let’s examine the veracity of some more robust forms of assessment.
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