The World of Work has a Leadership Problem (HR Executive)
Published March, 2024
Dr. Carylynn Kemp Larson examines the growing challenges facing today’s workplace—from economic uncertainty to rapid technological change—and argues that many organizations are overlooking a more fundamental issue: a widespread lack of investment in leadership development. While companies recognize the importance of strong leadership, most fail to prioritize or adequately fund it, treating it as optional rather than essential.
She highlights the consequences of this gap, including higher turnover, toxic workplace cultures, and diminished performance. Despite the perception that leadership development is difficult to measure, she points to research demonstrating strong returns on investment, driven by improved productivity, employee satisfaction, and retention.
Dr. Larson emphasizes that leadership development—particularly through coaching—equips managers with the skills needed to communicate effectively, build trust, and lead teams through complexity. As organizations navigate challenges like AI integration and global disruption, she argues that investing in leaders is not a luxury, but a strategic necessity. Ultimately, companies that prioritize leadership development are better positioned to adapt, perform, and succeed—while those that neglect it risk falling behind.
Key Takeaways
The workplace has a leadership problem—not just an economic one.
Many organizational challenges stem from underdeveloped leaders, not external conditions alone.Leadership development is often undervalued and underfunded.
Despite its importance, most companies treat it as optional rather than essential.The cost of neglecting leadership is significant.
Poor leadership contributes to turnover, toxic cultures, and reduced performance.ROI from leadership development is real and measurable.
Strong leaders drive productivity, engagement, and retention—delivering meaningful business impact.Coaching is a powerful tool for developing leaders.
It strengthens communication, listening, and trust—core skills for effective leadership.Retention and internal growth reduce long-term costs.
Developing leaders internally minimizes hiring expenses and builds stronger talent pipelines.Modern challenges require stronger leadership than ever.
Issues like AI integration and global disruption demand capable, adaptable leaders.Organizations that invest in leaders gain a competitive advantage.
Those who prioritize leadership development are better positioned to succeed in a rapidly changing world.
Authored by Carylynn Kemp Larson