What is Management Coaching and How Can it Benefit You
Taking on a managerial role for the first time can be a daunting experience. New managers are not only expected to take on more responsibilities, but they must also learn critical leadership skills in a short period of time. For those who have never held a leadership position before, this can be a very steep learning curve. We recommend offering leadership coaching and corporate training to help your new managers succeed and see the benefits spread throughout the organization.
Anyone can benefit from mentoring and coaching. They are, however, a particularly relevant offering for new managers, who can use these programs to develop the skills required to thrive in their roles and better serve their teams and direct reports. Here are some advantages that corporate training and coaching can provide to your new managers.
Improved Management Abilities
Coaching and mentoring provide opportunities to develop and hone specific skill sets required to be an effective manager. This can range from becoming a better communicator to understanding how to provide high-quality feedback.
All of these abilities will enable managers to better support and develop their teams. While managers can learn new skills on their own, having a leadership coach or mentor can speed up the process and provide them with firsthand knowledge that they might not have had otherwise.
Increased Productivity
One of the most difficult challenges for a new manager is figuring out how to balance all of their new responsibilities, from one-on-one meetings with direct reports to attending more strategic leadership meetings. They may struggle to be productive if they don’t understand how to manage their time effectively, and they may end up with disgruntled team members who feel their needs aren’t being met.
A coach or mentor can be extremely beneficial in this regard. They can teach managers how to better manage their time and prioritize their responsibilities. According to one study, managers who received eight weeks of leadership coaching in addition to their traditional training increased productivity by more than 22% compared to those who did not.
Increased Self Confidence
First-time managers may also struggle with self-doubt. This is completely normal when learning new skills or taking on a new role. However, if left unaddressed, it can lead to long-term issues for both the manager and the rest of the company. A lack of confidence will inevitably result in poor performance, a lack of self-awareness, and an inability to provide useful guidance to direct reports.
Coaching and mentoring sessions are excellent ways to boost self-esteem. Why? These relationships provide managers with a feedback loop, allowing them to have an accurate sense of where they excel and, more specifically, where they can improve.
Increased Happiness
Being a new manager is demanding. They are suddenly expected to take on additional responsibilities on top of their existing workload, and they may not feel equipped to succeed. This can be an isolating experience that can reduce a new manager’s sense of well-being and overall job satisfaction.
Fortunately, studies have shown that leadership coaching and mentoring can help to mitigate these negative effects. A supportive relationship with a coach or mentor can help managers feel less alone on their journey and navigate their new roles more effectively. This, in turn, can alleviate some of their stress and anxiety. People who received leadership coaching reported higher levels of workplace well-being and resilience.