The multi-billion-dollar coaching industry has grown at a massive speed and shows no signs of slowing down. Coaching especially in the workplace is powerfully impacting organizational culture, working relationships and our approach towards business and performance. The popularity of coaching is on the upward rise and is accelerating success across the celebrity and sports world, and various industries and markets. By 2022 traditional management and leadership styles will bow down to coaching.
Despite this some industries and organizations still ignore the impact that coaching has on its employees. The greatest impact of coaching within the workplace lies in peak performance, leadership development and employee retention and this inevitably impacts both the organization and the individual. A recent study conducted by Bersin & Associates demonstrates that equipping your managers with Coaching skills can yield a 130% increase in business performance. Let’s look at a few benefits of offering coaching specific training to managers:
·Effectively managing the generational gaps – There are currently 5 different generations in the workplace and coaching can help managers / team leaders to understand and effectively communicate with the different generations.
·Management style – No one wants a poor manager especially one that does not even know himself; coaching helps to discover your strengths, and to bring out your style of management. Owning your leadership style is fundamental in accelerating leadership development.
·People Engagement – Coaching establishes deep personal connections and this inspires performance via people. This is instrumental to employee engagement and retention.
·Vision of the Organization – Coaching helps to align with an organization’s values, culture and goals.
·Revenue gain – Positive coaching impacts every aspect of the business including bottom line revenue
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