Research Shows 3X Greater Business Impact is Generated by Leaders Who Coach and Develop Employees
Bersin & Associates, a premier research and consulting firm, found that senior leaders who coach and hold others accountable for coaching are three times more effective at producing improved business and talent results than those who do not.
Specifically, the Bersin & Associates study found that:
- Senior leaders frequently fail to model effective coaching. Only 11% of senior leaders regularly coach their employees.
- Managers lack the necessary skills to coach their employees, and this presents the most severe challenge to effective management of employee performance.
- Organizations that are effective at teaching managers to coach deliver higher levels of employee productivity, employee engagement and financial performance.
At most organizations there is a disconnect between the intended purpose of performance management and the reality.
Companies want goal alignment but more often focus entirely on performance appraisal. Leadership coaching raises the morale, trust and performance of everyone involved. This is why executive coaching has such a huge impact.