"Mr.Yogesh Sood, Chairman & Managing Director, BYLD Group"
“People seldom improve when they have no other model but themselves to copy” as said by Oliver Goldsmith, Anglo-Irish novelist, playwright, and poet. This gospel just reiterates the fact that an individual or a team is left at a blind spot without the right mentor to direct, lead and coach to identify the aspirations and goals to be set as per the strengths held by the individual or the team.
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Corporate Coaching-The need of the hour
Organizations must realize the significance of coaching in the workplace to maximize the potential of the employees. It is imperative for any organization to understand and value the need for coaching to lead its employees in the direction of the common goal, which reflects also in the growth and development of its employees.
India is one of the youngest countries in the world. Millennials and GenZ form the majority of the workforce today. It is essential for us to understand that our young professionals endeavour to work towards a greater goal in order to contribute and have a substantial impact on society.
This further stresses the importance of workplace coaching, which makes the younger generation feel inclusive and part of a larger organizational goal.
According to a survey conducted by a global job site Indeed, as many as 71 per cent of the workforce are rethinking their career. The statistics are alarming and emphasize the importance of coaching in the workplace to address the aspirations of the present generation of employees. Employee dissatisfaction can lead to a loss of connectivity with the core values of the company. Corporate Coaching provides better training facilities to help employees reach their potential and make them feel that the organization values their professional growth and development.
Corporate coaching is transformative
Effective coaching can have a significant impact not only on the lives of your team members but also help build an agile organization. It helps nurture trust between employees and the manager. Mutual trust is the foundation of successful teams. Employees who develop trust in their management become more receptive to honest communication and willing to go above and beyond. So, it is a symbiotic relationship that helps them to succeed collectively.
The question is now how to achieve an honest interaction between an employee and the manager? Fortunately, we live in times where it is crucial to provide the employees an environment where they can feel free to understand and explore their ideas and skills. It is indeed vital to have effective coaching solutions to help managers respond to various situations with the appropriate leadership style, which will result in the employees understanding how to navigate through and exploit their ideas and skills to attain the determined goals.
BYLD Group is one of the leading organizations which offers internationally renowned coaching programs backed by decades of research. The company, in partnership with The Ken Blanchard Group of Companies, has parenting as its philosophy or ethos, which helps them develop and evolve managers through coaching, and help them respond to various situations with appropriate leadership style. These programmes are designed keeping in mind the complexities of the VUCA business environment, to improve productivity and bring out the best in the workplace. Another successful coaching programme - ‘Blanchard's Coaching Essentials®’ teaches managers how to effectively coach their employees to increase productivity, foster trust, and deliver desired results. DTCI is another brand under BYLD Group that also offers coaching at all levels of leadership. They are the leading providers of personal, professional, and organizational effectiveness solutions.
Giving constructive feedback to a teammate is an inevitable part of a manager's role in the organisation. InsideOut Coaching is one of the most effective coaching programmes offered by BYLD Group. The programme is suitable for managers to resolve performance issues with their teams and have the right kind of conversations to inspire people, motivate them, and lead them to success with better output.
There has been global growth and a wider spread of coaching around the world. And a significant rise of 33% in the number of coach practitioners compared to the 2015 estimate. The total global revenue from coaching in 2019 is estimated at USD 2.849 billion representing a 21% increase over the 2015 estimate. Also, Gen X accounts for the majority (61%) of managers/leaders using coaching skills than millennials and baby boomers. Source: (ICF 2020)
Coaching provides an invaluable space for personal and professional development. It is most effective in addressing these three main areas-:
Solving problems
It entails more than just giving advice. One can begin by actively listening when a teammate brings up a problem that needs to be solved. Consider what they're saying. Sometimes just listening to an issue inspires employees to a solution. Giving a specific answer should be a last resort.
Achieving long-term goals
An employee will have a long-term goal, for sure. As a coach/leader it is your job to help them identify those goals and assist them to create a realistic plan for reaching their goals.
Improving performance
Giving constructive feedback to a teammate is important for a leader when things don’t go as planned. Things can turn out to be wrong if not done mindfully; if done correctly, they can be a huge source of growth and gratitude.
Conclusion
In the present, coaching has become a mandate for organizations in order to achieve greater heights and reach their full potential. This can only happen if the organization leads its employees to a space where they can flourish as individuals and contribute as professionals, which creates a domino effect in achieving the organizational goals and objectives.
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