Does Coaching Pay Dividends?

Does Coaching Pay Dividends?

In recent years there has been an enormous surge in the use of coaching as a tool for leadership development.

Most leaders will have either experienced the support of an executive coach or attended a programme to equip themselves with the tools and skills to be a better coach for their own teams. The question is, what impact can a coaching culture really have on the success of organisation?

Zenger Folkman’s research into the competencies that differentiate good from extraordinary leaders has found that effective coaching has a greater effect on culture change than any other skill or management technique commonly taught in leadership development programmes.

  • Leaders that are most effective at coaching will have three times more employees willing “go the extra mile”
  • When your leaders add coaching to their existing strengths they are ten times more likely to become a top tier leader.

A recent white paper article by Dr Jack Zenger and Dr Joe Folkman outlines the steps for creating a coaching culture and the impact this can have on 5 important organisational outcomes:

  • Improved productivity
    Coaching has a great impact on employee productivity and their willingness to exert maximum effort
  • Greater employee engagement
    Employees who are coached regularly feel a greater level of engagement and commitment
  • Improved retention
    Leaders who are good coaches have fewer employees who think about quitting
  • Employee development
    Employees who receive coaching and feedback, and are given the opportunity to improve their skills are less likely to leave, and are more committed to the organisation
  • Perceived supervisor effectiveness
    Coaching impacts the overall opinions that employees have about their boss.

The research is clear, leadership coaching can make the difference between success and failure, and leaders that can coach and inspire purposeful and positive action, are more valuable than ever before.

We are delighted that Jack Zenger will be speaking at our forthcoming Breakfast Workshop on 29 April. To sign up for your complimentary place please contact lisa@naturaldirection.co.uk. The full Zenger Folkman article can be accessed here.

Martin Coburn

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