Keeping open communication with your employees helps build a stronger bond. Coaching your employees increases productivity and performance. According to a November 2011 Bersin & Associates study, training your managers to coach your employees also produces higher financial performance for the organization. A Talent Management.com article from Allen Moore shares how coaching can help your business.
According to the study, five conditions of individual development must be met for coaching to be effective:
Candor to promote insight.
Trust to foster motivation.
Support to allow capability building.
Flexibility to allow practice.
Responsibility aligned with accountability.
Keeping communication open about goals and expectations will provide insight that will help make the process better and easier each time. Building trust among your employees and fostering their personal growth via coaching should be seen as a bonding opportunity.
Make it so that continuing education and personal development are priorities, and that your employees know that they have the support to take reasonable risks. Coaching is a joint venture for managers and their direct reports. Be sure that everyone is accountable for their actions and contributions.
There are also three tips for companies to create a culture of coaching:
1. Seed the organization with leaders at all levels who model coaching.
2. Embed coaching into performance management and talent management systems.
3. Develop a cadre of master coaches.
Coaching must become a core strategy to be effective. It can’t be viewed as merely an additional part of leadership roles. To read more about how coaching strategies can impact your organization, click here to read the full article.