In recent years, organisations have started to equip all their leaders with the fundamental skills to coach their team members. As a younger generation of millennial enters the workforce, today’s leaders can no longer instruct the employees to perform. Consequently, they need to learn how to empower and bring out the best from these creative and resourceful employees.
Emotional Intelligence Coaching is increasingly becoming important for transformational leadership. Facilitating change among employees is a huge challenge amidst the fast changing economy. Because of today’s interconnected world, leaders would also need to manage their own emotions as well as others. Therefore, EQ Transformational Leadership is definitely a skill that is growing in importance.
The last two approaches are important skills for leaders to help individual team member perform. However, how can a leader collectively transform an entire team to perform and achieve the organisational results? Certainly, one would have to consider the intricacies when it comes to managing all the stakeholders within and outside the organisation. Hence, that is where we believe Team Coaching will become the next big trend.
Ultimately to thrive in the VUCA world, organisations would have to build a coaching culture. A culture where leaders exhibit openness in guiding their employees to innovate and change. Moreover, leaders need to empower employees to deliver the performance and expected results. Research has shown that:
” A robust coaching culture has been linked to higher employee engagement: 65% of employees are highly engaged in strong coaching culture organizations compared to 52% of employees in other organizations. Organizations with a strong culture also report greater financial performance: 60% report being above their industry peer group in 2013 revenue compared to 41% of all others.“
– Source: Building a Coaching Culture (ICF).
We all know that changing culture is not easy. The fact is that culture is not build overnight. Moreover, it is a long process which involves the participation of every employee from all levels. Firstly, one would have to perform an Organisational Culture Assessment, which is understanding the gaps. Next, the organisation would need to conduct change culture workshops. Subsequently, it’s putting in place learning actions that involve everyone in the organisation. Therefore, building a coaching culture will definitely be a long term trend in this industry.
Benefits to Organisation
As coaching becomes more prevalent, companies are recognising the importance of building a culture within their organisation. This involves employees at all level with the intent of growing their skills to help them achieve their professional goals.
A few years ago, there was a research conducted in partnership between International Coaching Federation (ICF) and the Human Capital Institute (HCI) on Building a Coaching Culture. It examines the ways in which companies and leaders establish and support the culture and to further identify the motivation, application and outcomes of such practices today. The video below shows some of these findings.