There is no use denying the fact that modern age can be characterized by a great level of rivalry which exists on all levels of our society. People and organizations should devote much time and efforts to survive and become successful. Additionally, some traditional approaches to the issue of work and money are changing nowadays and people have to understand them and be able to alter to. Resting on these facts, it is possible to say that the demands to people, who work in some companies or organizations, are constantly changing. People should be able to become more efficient and obtain new skills which will be able to help them in their work. New practices and methods are used in the work of organizations and there are special departments which main aim is to create clear and efficient way of the usage of new approaches. With this in mind, the importance of departments which are responsible for creation of new efficient methods increases as their work is one of the main aspects of beneficial functioning of the company (Riggio para. 7). With this in mind, it is possible to analyze some possible methods of increasing of the efficiency of a company under modern conditions. First of all, it should be said that there is no use denying the fact that new approaches should be widely used in the work of any organization as blistering development of technologies demands new skills from workers. Under these conditions, the necessity of the change of some traditional methods is obvious. Moreover, nowadays, great attention is given to leadership qualities of a person and his/her ability to work in a team and manage the work of the whole department (“Developing a Competency Framework” para. 7). That is why, the majority of existing techniques connected with the stuff training center around a person and his/her qualities. Taking these facts into account, it is possible to say that the following work is devoted to the description of some techniques which will be able to improve the quality of the work of stuff and promote increase of the efficiency of a company in general.. The first step to do is to assure the officials of the company that there is a great need in the application of new methods and practices. It is the basis for successful development of leadership competencies as support from the executive leadership team can lead to the improvement of the mood of collective (“Developing Leadership Competencies” para. 3). The second stage of the process means creation of clear plan of personal and professional development of people who work in the company in accordance with the conditions under which they work. This plan is absolutely vital as all further actions should be organized according to it. There is a great number of different leadership competencies which should be given attention and developed. However there are several qualities which are the most important and need special attention. First of all, the sphere of interpersonal communications should be developed. There is no use denying the fact that every leader should be able to align contact with the member of his/her team and understand weak and strong sides of every person. That is why, special trainings should be organized for people to be able to develop these kind of intelligence.