“Great leaders create more leaders, not followers.” – Roy T Bennett
The greatest responsibility of every leader is to nurture the next generation of leaders. Why?
Good leaders are a rare breed. Research shows that only about 10% of people are natural leaders. Another 20% have the potential to be good leaders with the right nurturing and training.
Your organization might have a handful of such new or aspiring leaders. And the best way to equip yourself for leadership talent management is executive coaching.
Leadership talent management is vital for succession planning. Yet surprisingly, a survey reveals that while most organizations (80%) considered succession planning a top priority, only 41% were actually confident about their strategies to develop leaders.
Grooming leadership talent is a long-term investment that requires great forethought, careful planning, and efficient execution by senior leaders. Executive coaching can equip executives and senior leaders with the right skills to nurture talent proactively.
This blog is a must-read for all executives involved with Talent Management who wish to create a sustainable leadership pipeline for their organizations.
What is executive coaching?
Executive coaching is a creative, thought-provoking process initiated by an executive coach that enables you to maximize your potential, both personal and professional
Executive coaching has incredible benefits for both leaders and organizations.
How can executive coaching help manage leadership talent?
Executive coaching can enable executives to create personalized, realistic, action-based strategies to manage promising young leaders. Here’s how.
Goal setting – In talent management, executive coaching enables executives to define the vision and objectives of talent management and then set SMART goals aligned with that vision. Coaching focuses on goal setting as the starting point. These goals are based on the young leader’s potential rather than current or past performance. Why on potential and not performance? When your child comes to you with their progress report,
do you assess their ability based on their performance (which might vary) or their potential? You look at their potential, right? It’s the same when setting goals for key talents.
Assessing Reality –
You can use effective assessment tools such as 360-degree feedback to get an objective, scientific assessment of the talent pool. Executive coaching helps you recognize any personal biases that may affect your assessment. This will make it easier to not let these biases affect your objectivity.
Good Execution –
Any talent management strategy is only as good as its implementation. Executive coaching enables executives to have a focused and consistent approach, which are executive coaching’s strengths. Talent management should be highly individualized for the leaders/professionals you choose. Executive coaching is also a personalized approach and so gives you an understanding of how to customize talent management based on the unique qualities and needs of each aspiring/young leader.
Monitor progress –
For talent management, executive coaching can equip you to identify and address gaps in a timely and suitable manner. Executive coaching helps you understand that change cannot happen overnight. So you have to give a realistic amount of time for results to show.
Feedback/Feedforward –
Providing timely feedback/feedforward can enable your key talents to realign to their goals and re-design actions accordingly. Executive coaching for talent management shows how one can give developmental feedback instead of critical feedback.
Coaching mindset –
Executive coaching can help you develop a coaching mindset and add coaching to your leadership style. Coaching is most effective in bringing out the best in your key talents because of its relentless focus on potential, action-oriented approach, and high sense of personal accountability.
Ensure greater ROI from the program-
The seed for me finding my true calling as a professional coach was planted, ironically, by the year-long talent management program conducted by my organization, a reputed bank in the Middle East. The year was 2008. I was 18-19 years into corporate life. The program helped me realize that banking was not my passion nor my true calling, although I was pretty good at it. The bank may have lost me as an employee, but thanks to them, I found coaching.
So when you are involved in talent management, executive coaching can enable you and help you empower your key talents to assess early on whether or not they are in the right place. This can not only save you time and money investing in them but also help them find a niche that suits their passion, purpose, and skills. Or it could motivate them to invest their talents and skills in your organization. Either way, your organization benefits.
Executive coaching is a marvelous intervention that benefits not only you but also has a cascading effect on the leaders and teams you interact with. Transform your leadership talent management with executive coaching.
Reach out to an executive coach today.
Executive Coaching with Regal Unlimited
Regal Unlimited has unarguably the best ICF-credentialed executive coaches in Bengaluru, Hyderabad, Chennai, and India. Partner with a Regal Coach.
At Regal Unlimited we have the best in class Leadership Coaching programmes. We at Regal Unlimited adhere to Coaching the ICF way.
For more information reach out to us info@regalunlimited.com.
I was recommended this website by my cousin I am not sure whether this post is written by him as nobody else know such detailed about my trouble You are amazing Thanks
Thank you I have just been searching for information approximately this topic for a while and yours is the best I have found out so far However what in regards to the bottom line Are you certain concerning the supply
Excellent blog here Also your website loads up very fast What web host are you using Can I get your affiliate link to your host I wish my web site loaded up as quickly as yours lol
Nice blog here Also your site loads up very fast What host are you using Can I get your affiliate link to your host I wish my site loaded up as quickly as yours lol
I liked it as much as you did. Even though the picture and writing are good, you’re looking forward to what comes next. If you defend this walk, it will be pretty much the same every time.
Thank you I have just been searching for information approximately this topic for a while and yours is the best I have found out so far However what in regards to the bottom line Are you certain concerning the supply
I do not even know how I ended up here but I thought this post was great I dont know who you are but definitely youre going to a famous blogger if you arent already Cheers
The reputation of the website will surely see an improvement in the near future as a result of the high-quality content and the active involvement of the administrator.
I was suggested this web site by my cousin Im not sure whether this post is written by him as no one else know such detailed about my trouble You are incredible Thanks
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of your site is great as well as the content
Hello i think that i saw you visited my weblog so i came to Return the favore Im trying to find things to improve my web siteI suppose its ok to use some of your ideas
Hi Neat post There is a problem along with your website in internet explorer would test this IE still is the market chief and a good section of other folks will pass over your magnificent writing due to this problem
Usually I do not read article on blogs however I would like to say that this writeup very compelled me to take a look at and do so Your writing taste has been amazed me Thanks quite nice post
I loved as much as you will receive carried out right here The sketch is attractive your authored material stylish nonetheless you command get got an impatience over that you wish be delivering the following unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike
Somebody essentially lend a hand to make significantly articles Id state That is the very first time I frequented your website page and up to now I surprised with the research you made to make this actual submit amazing Wonderful task
Simply desire to say your article is as surprising The clearness in your post is simply excellent and i could assume you are an expert on this subject Fine with your permission let me to grab your feed to keep up to date with forthcoming post Thanks a million and please carry on the gratifying work
Usually I do not read article on blogs however I would like to say that this writeup very compelled me to take a look at and do it Your writing style has been amazed me Thank you very nice article
Hi Neat post Theres an issue together with your web site in internet explorer may test this IE still is the marketplace chief and a good component of people will pass over your fantastic writing due to this problem
Excellent blog here Also your website loads up very fast What web host are you using Can I get your affiliate link to your host I wish my web site loaded up as quickly as yours lol
Magnificent beat I would like to apprentice while you amend your site how can i subscribe for a blog web site The account helped me a acceptable deal I had been a little bit acquainted of this your broadcast offered bright clear idea
I loved as much as you will receive carried out right here The sketch is tasteful your authored subject matter stylish nonetheless you command get got an edginess over that you wish be delivering the following unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike
I have been diligently seeking information on this subject for quite some time, and yours is the most compelling piece I have come across thus far. Nevertheless, with that being stated, what is the final verdict? Are you certain regarding the supply?
Hi there to all, for the reason that I am genuinely keen of reading this website’s post to be updated on a regular basis. It carries pleasant stuff.
of course like your website but you have to check the spelling on several of your posts A number of them are rife with spelling issues and I in finding it very troublesome to inform the reality on the other hand I will certainly come back again
Your posts always provide me with a new perspective and encourage me to look at things differently Thank you for broadening my horizons