Coaching to accelerate talent in 5 essential steps

The impending retirement of Baby Boomers is placing tremendous pressure on organisations to develop talent into qualified leaders at a faster rate than ever before.

In a study by Human Capital Institute and the University of North Carolina Kenan-Flagler Business School, 85 percent of organisations said they had an urgent need to accelerate the development of their leaders.

For many companies though, it can be challenging to successfully prepare, engage and retain their best talent.

As we discussed in a recent post more than 1/3 of UK workers are hoping to leave their current job in 2015. With an increasingly mobile talent pool and employees demanding more in terms of job satisfaction, many HR teams are struggling to retain and develop their future leaders.

In many companies, this is because their organisation has no formal leadership development program in place or it lacks an objective way to measure leadership competencies.

On top of that, companies that do invest in leadership development programs focus mainly on the executive level, leaving first- and second-level leaders largely undeveloped (Bersin).

If organisations want a strong talent bench to meet future business needs, it is critical they adopt strategies that accelerate their talent.

One way to do this is coaching — Using a coaching process can give your talent the support and direction they need to reach their potential within your company’s leadership team.

Tailoring that process, so that it reflects your employees’ natural behaviours and styles, will reduce friction down the line so that your employee is more engaged and can efficiently plough through their development process.

So how can organizations accelerate talent development through effective coaching?

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Image courtesy of PI Worldwide.

If you’d like to know more about using coaching to accelerate you talent and to identify talent requirements so you can better meet your organisation’s goals, watch the webinar, “The Five Essential Steps to Developing Better Leaders.”

How has coaching helped you develop your company’s future talent?

Please let us know your thoughts in the comments box below, we’d love to hear from you.

 

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