1. Effective Communication 

Effective communication is vital for leaders to inspire, empower, and motivate their teams. It’s not just about conveying information clearly, but also about listening and understanding the needs and concerns of team members. This skill helps in aligning the team with goals, fostering an environment of transparency and trust. Research indicates that leaders who communicate effectively can significantly enhance employee engagement and productivity. Comcare emphasises that “All managers communicate, but great managers communicate openly and effectively.”

2. Emotional Intelligence

Emotional intelligence (EI) is the ability to understand and manage one’s own emotions and those of others. Leaders with high EI are adept at empathising, building strong relationships, and handling workplace stress. A survey found that employees with emotionally intelligent managers are four times less likely to leave their jobs, underscoring the importance of EI in improving employee retention and team performance​. Skillsoft discusses EI as a critical leadership competency.

3. Adaptability and Agility

In a world that is changing faster than ever, adaptability and agility are crucial. Leaders must be able to adjust to new situations, embrace change, and encourage a culture of continuous learning. This flexibility allows leaders to respond effectively to internal and external changes, ensuring their organisations remain competitive. Adaptability was highlighted as one of the most important leadership skills by Forbes, calling it ‘the secret sauce of Leadership’.

4. Team Building

Successful leaders know how to build and nurture strong teams. This involves creating a positive work environment, fostering trust, and promoting collaboration. Effective team building enhances team dynamics, boosts morale, and increases job satisfaction. The Corporate Leadership Council reports that engaged employees are 87% less likely to leave their organisations than disengaged counterparts, emphasising the role of team building in retaining talent. Your Dose of Wisdom provides insights into team building statistics.

5. Conflict Resolution

Conflict is inevitable in any organisation, and leaders must be adept at resolving disputes efficiently. Conflict resolution skills involve mediating disagreements, fostering open communication, and transforming conflicts into opportunities for growth. Effective conflict management can lead to stronger team relationships and improved organisational performance.

6. Decision-Making

The study by Oracle found that 89% of Australian business leaders have stopped making decisions because of the sheer volume of and lack of trust on data. However, leaders are required to make decisions regularly, and the ability to make sound, rational decisions is crucial for success. Good decision-making involves assessing all available information, considering potential outcomes, and having the conviction to stand by the decisions made. This skill is fundamental for guiding organisations through challenging situations and ensuring long-term success. Human Resources Director Magazine discusses the impact of data on decision-making in Australian leadership.

In conclusion, the top leadership skills for 2024 encompass, effective communication, emotional intelligence, problem-solving, adaptability, team building, conflict resolution and decision-making. These skills are critical for personal and organisational success in an increasingly complex and competitive business environment.