Human resources In the midst of economic upswings and downswings, companies have realized that money for investment is abundant than ever before. Even in the middle of the present economic crunch, money had been deposed as the number one scarce resource in business. Human talent, however, is now the scarcer commodity. But, without leadership development these skills may not be enhanced, thus, the true potentials of the leader may not come out. These days, leadership development is usually categorized into two including individual leadership development and group leadership development. The first one usually focuses on the specific leadership traits of an individual while the second one is more on seeing leadership development as a process wherein the surrounding people and the working environment are involved. Finally, leadership development courses encourages experiential learning. This means that you learn from experiences both on the job and off it. The willingness to learn means also being able to accept that mistakes can happen the key here is to make sure that those mistakes don't happen again. This developmental way of learning that is open to feedback helps organizations to grow in an organic manner, even after setbacks that maybe crippling. However, plans are afoot to maximize ROI for leadership development efforts by way of effective planning, implementation and evaluation. New thinking Some time from now, the thinking would be that leadership and leadership development are going to be inherently collaborative, social and relational processes. b) Lowers Employee Loss - One of the advantages of having high employee happiness is that they are less prone to leaving. This prevents the loss of skilled and trained workers and enables your company to work at a consistent level of performance. Training employees up to par is an expensive and time-consuming process and you would be wise to avoid having veteran workers leave. If you are just adjusting in becoming a leader, it will be best if you tell them to start small and simple so they won't feel defeated when they weren't able to meet the standards the company has set for them. If they start with small and simple things, they are giving themselves the chance to accomplish bigger things ahead.