Ineffective leadership coaching is costly and impedes development, according to the Institute for Corporate Productivity (i4cp)
The Institute for Corporate Productivity (i4cp), a research organization that focuses on practices that drive market performance, has released new research that reveals that organizational ineffectiveness at coaching future leaders is potentially costing companies and shareholders in a big way.
i4cp’s new report, How High-Performance Organizations Accelerate Executive Leadership Development, offers three key leadership development approaches that characterize high-performance organizations:
Of the three practices discussed in the report, executive coaching has the highest correlation to market performance—defined by revenue, profit, market share and customer satisfaction—yet 44% of organizations say they’re not effective at coaching high-potential employees.
the people The biggest source of this deficiency falls on managers and supervisors. In fact, 51% of survey respondents (a mix of human resources and business leaders) indicated that leaders who are ineffective at coaching high-potential employees are the top hindrance to the success of leadership development programs.
“Of course, managers who are ineffective at coaching their employees are just a symptom of a deeper issue,” said Donna Parrey, senior analyst at i4cp and study author. “This latest research offers clear evidence that organizations need to do more to support their managers. Providing leaders with adequate training on how to coach effectively is critical to both coach and coachee, and that in turn can have a significant impact on financial performance.”
Approaches High-Performance Organizations Favor
The study asked about the extent to which participants’ organizations used 11 practices to accelerate employees on the path to leadership. The report takes a look at those used by HPOs to the highest extents (very high/high) as well as the practices that most differentiated High-Performance Organizations from Low-Performance Organizations and those correlated to market performance.
This research was developed in conjunction with i4cp’s Executive Leadership Development Exchange, a peer working group that includes AT&T, Cargill, Pitney Bowes, Toyota Financial Services and several other leading organizations. A complimentary abbreviated synopsis of the report is now available on the i4cp website and i4cp members have exclusive access to download the full report now.
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