Why Leadership Coaching for Organizations?
The success of your business or organization is in direct proportion to the quality of its leadership. And not just at the top: leadership at all levels. Workplaces simply have to get better at prioritizing their investment in leadership capacity building in a world where research shows that the majority of reasons workers leave are due to factors related to their boss. The age-old concern “What if we invest in training them and they leave?” must be countered with the more realistic “What if we don’t invest in them and they stay”? In other words, what is the cost of poor leadership to your company?
The Pitfalls of Not Building Leadership Capacity
Many organizations are so focused on the operations or tech side of things, that they forget to invest in building strong leaders at all levels. Typically, they approach leadership development in one of the following ways. People with great technical know-how or obvious seniority or political sway, but poor leadership skills, get promoted internally to management/leadership positions. Or outsiders are hired to fill leadership positions based on a set of resume skills and (usually rigid) interview results, in the hopes that this initial investment will suffice. Last, only managers (seen as the weak link), or maybe only executives are ever offered the opportunity. Further investment in capacity building tends to stop there. Traditional onboarding practices do not capture the true leadership capabilities of a new hiree, nor is the lack of investment in ongoing leadership development enough to help leaders through the constant change of growing or downsized teams, in job duties and priorities, restructuring, etc. The result: workers and leaders (that stay) are disengaged and unproductive at a great cost to the organization as a whole.
What is Real Corporate Leadership Development?
Leadership development is about helping leaders develop the attitudes and personal, communication, and other skills needed to engage, elevate, and inspire the most from individuals, teams, and ultimately the organization. Imagine a workplace where everyone is maximizing their talents and putting in 110%.
True leadership development takes place through a dedicated coaching and support program and must be available at all levels of the organization. Internal leadership capacity building benefits real-time working relations, productivity, and loyalty. Long-term, it is the most cost-effective and efficient way to fill leadership positions with good leaders who understand your business. Your coaching program must be seen as part of your strategic plan, where HR, Training and Development, and top leadership coordinate together.
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A Call To Action
Rapidly reconfiguring markets, changing technologies and workforces present great challenges. It’s vital to set yourself apart, be smart with how you lead and recognize that those new and no-longer-so-new generations are looking to organizations more than ever to build their leadership skills.
Become a leader in leadership, by investing in your human capital, the most unique resource you have in an age of artificial intelligence and computer technology.