The days when the phrase “too many chiefs, not enough Indians” was an accepted doctrine are coming to an end – and not just because it’s politically and culturally insensitive. There was a time when many C-level professionals feared that it was far from optimal to have a majority of managers issuing orders with not enough direct reports to carry them out. However, the concept of a collaborative environment filled with rising stars is rapidly gaining steam as the new pathway to success. Savvy business leaders who want to grow their companies understand the importance of investing in those rising stars to maintain a strong management team. Need a little more convincing that leadership coaching is the right move for your company? The visionaries at The Best Workplace have narrowed it down to three of the most compelling reasons…
Securing Overall Employee Retention
It’s one thing to talk the talk. Eventually, companies with even the best-written core values must walk the walk. Employee retention should be a major motivator for any company. Particularly with less than stellar statistics like an overall turnover rate of 57.3 %, according to the 2021 Bureau of Labor Statistics report. When your employees witness an investment – both personally and professionally – in their fellow team members, they will feel assured that they are working for a company that values its personnel. Moreover, when the results of that investment are stellar, bearing fruit in the form of a stronger, more cohesive management team, the likelihood that your employees will want to stay is heightened.
Effective leaders breed loyal direct reports, especially when they take the lessons learned from their own professional development and pay it forward by mentoring and encouraging the professional development of their team members. As for those directly benefiting from leadership coaching, LinkedIn’s 2022 Workplace Learning Report indicates that “companies that excel at internal mobility retain employees for an average of 5.4 years, nearly twice as long as companies that struggle with it, where the average retention span is 2.9 years.”
Fostering an Atmosphere of Trust
When employees at every level of an organization feel valued, it’s easy to create a healthy culture and foster an atmosphere of trust. Trust benefits everyone in the organization, as well as the organization as a whole. Team members will be more open to sharing and accepting ideas and new strategies. Morale will be boosted. And you’ll be better equipped as a company to navigate change together. Executive coaching is an excellent first step to creating strong teams built on trust while developing an environment where thought leadership, diversity, and collaboration thrive. If companywide trust is a concept that you value, the consultants at The Best Workplace can design a personalized leadership coaching plan geared toward making that vision a reality at your organization.
Attracting New Talent
Last, but certainly not least, management training of your CURRENT leadership team could pay big dividends when it comes time to attract new talent to your organization. If the growth of your company is one of the motivators behind investing in your leadership team, you’ll need to attract new talent to support that growth. The development of stronger leaders who will make your organization shine will, in turn, make your company more attractive to prospective employees. After all, rising stars want to work for and learn from the best.
Perhaps even more alluring, prospective new talent will appreciate the fact that your organization supports professional development and leadership coaching. In a 2021 Gallup poll titled “The American Upskilling Study: Empowering Workers for the Jobs of Tomorrow”, 57% of respondents indicated they wanted to update their skills with an additional 48% indicating they would consider switching jobs to do it. Once on the job, 71% of U.S. workers say job training and development increased their job satisfaction and 61% believe upskilling opportunities are an important reason to stay at their job.
Next Step: Hire an External Coaching Team
While you may already have a superlative HR and L&D team in place, it may be wise to hire a third party that specializes in leadership coaching, management training, and talent development. They can provide an outsider’s perspective of your organization and personalize training for each member of your leadership team to achieve your goals. When seeking leadership coaching and management training in Atlanta, look no further than The Best Workplace. Our name is our goal with every company we serve. In addition to coaching and talent development, we offer organizational efficiency and holistic organizational health in our toolbox. Our managing partners boast a wealth of experience in human resources, communications, organizational development, and more – serving everyone from small businesses to global brands. It all begins with a conversation! We invite you to call us at 678-667-1275 or 678-543-4164, email us at Hello@yuy.bve.mybluehost.me, or fill out our online contact form.
