The rapid rise and progression of coaching and e-learning.
The inclusion of e-learning methods has risen significantly as a consequence of Covid-19. Many businesses have shifted their attention towards delivering coaching and training measures to improve engagement and the overall employee experience.
In the last year, the global market for professional development has continued to rise, reaching a value of $130 billion, and is anticipated to continue increasing over the next few years. Today, business coaching is regarded as a highly sustainable and efficient method of training and development, particularly now with the challenges faced and the complex structural changes occurring in the business world.
Research indicates that focusing on the development of coaching expertise increases the overall skills of employees and has a long-term impact on talent retention and the bottom line.
People development platform provider Sharpist supports businesses with developing their employees worldwide into inspiring leaders - through 1:1 coaching. Their digital coaching platform provides a personalised learning experience for the entire workforce on the go. Businesses first align with Sharpist on their goals, so that the learning can be designed specifically for the goals of each organisation. They are then equipped with the necessary tools, knowledge and support to enable employees to make the most out of their coaching sessions. Employees are then able to and reach their highest potential
The main benefits of coaching are proven performance improvement, increased well-being, better self-regulation and managed coping strategies. Yet, despite studies supporting coaching, there is still some scepticism regarding the benefits and effectiveness of coaching for leadership development. The reasoning for this cautious approach is the transition to data-driven strategies and how new investment is more dependant on clear justification. Rather than showing how effective coaching is, the challenge is displaying how investment in coaching will ultimately pay off.
The Sharpist approach: The return on expectations model.
Sharpist has created its approach in terms of the return on expectations, measuring the success of coaching based on a combination of qualitative and quantitative metrics, all determined by their stakeholders. This process ensures the goals are aligned with each organisation and that all expectations are defined. To display the success of coaching, Sharpist ensures that the expectations of all stakeholders involved are clearly understood before the coaching starts. Sharpist conducts an expectation check to allow clients to list the exact benefits that the coaching is intended to generate i.e. what are the company goals, the challenges you are currently facing etc. Sharpist places a lot of attention on providing close collaboration between all parties involved in the entire coaching process, offering continued support before, during and after coaching.
The coaching industry is growing rapidly and data has become critical in today’s business world. Companies and industry professionals collectively agree that determining the success of coaching and applying a return on expectations model that combines qualitative and quantitative data is increasingly important.
The importance of workplace culture.
The key to any business is its workplace culture. Having a common and shared culture that connects everyone is critical. If the common culture is lacking, it can lead to fragmentation in the workplace and a business that doesn't reach its full potential.
The core foundation of any successful business is its core values that everyone shares and are unified around. This includes a culture of communication, integrity, passion, performance, respect, trust and teamwork. Delivering a culture, finding the right people and implementing creative solutions are challenges that all businesses face. Integrating a coaching process can increase engagement, develop the workforce and their performance, improve creativity and enhance the responsibility of employees.
The Sharpist platform applies the potential of digital coaching to generate a truly personal learning experience for employees worldwide. Their approach focuses on creating clear, measurable results while continuing to focus on employee engagement and retention, individual performance, productivity and transformation.
Studies suggest that high performing companies generally have a structured change management process and coaching is regarded as one of the most effective ways of increasing these capabilities. Applying coaching methods leads to greater confidence in the workforce, in terms of planning and delivering change.
After all, studies suggest that high performing companies generally have a structured change management process and coaching is regarded as one of the most effective ways of increasing these capabilities. Therefore, businesses with a strong coaching culture are more likely to generate higher talent and business results.
In today’s world, people require the ability to make quick decisions and respond to constant changes in business. This requires a different style of leadership, one that enables and empowers change. Coaching should be considered as a way of leading and managing people. The core principles of applying coaching practices to a business are to develop self-belief. Incorporating this sense of self-belief into any coaching strategy will result in improvements in performance and business relationships.
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