The need for leadership development is never-ending. With workplaces constantly evolving, increased pressure coming out of lockdown and yet still so much uncertainty, leaders need to be equipped with the skills and agility to tackle what comes their way.
Leadership capabilities is a highly sought-after trait in professionals, businesses worldwide invest time and money into developing potential talent.
Here at TalentCode HR, we adopt the 70:20:10 model for leadership development and learning. The model suggests that 70% of learning happens on the job, 20% happens through coaching and feedback from others and 10% comes from formal learning.
As coaching and feedback have such a significant impact on learning, 1:1 executive coaching is generally one of the first approaches businesses adopt. Whether it’s virtually or in person, executive coaching has and will continue to be a valuable approach to leadership development.
If you were given the choice, would you choose to have 1:1 coaching, with all the attention on you, or to be in a group session with a coach facilitating?
Most people would choose to have the one-on-one time, to have all the focus on themselves as they believe it would be more valuable towards their personal development.
With executive coaching being so successful, the benefits of small group or peer coaching are lesser-known, and it is therefore often overlooked as a development approach.
It enables the fostering of mutually beneficial relationships with colleagues and adds significant value towards leadership development and cross-functional collaboration.
Leaders of today understand the importance of cross-functional collaboration between different operational areas, departments, and teams. Businesses of all industries, shapes and sizes adopt cross-functionality and use it to innovate, maintain, solve, and achieve.
Group or peer coaching allows for participants to experience valuable interactions with others by bringing together people who are not required to interact during their typical day-to-day. By doing this it provides clear insights into the business, what is working, what isn’t working and what adjustments need to be made. Often this cannot be determined by department or team alone or can be misleading as you all see the same perspective.
Peer and group coaching provides the opportunity for people who are outside your department or team but are approximately equal in knowledge and position to interact allows for deeper learning, understanding and insight into your peers’ experiences.
It requires you to listen respectfully and contribute vulnerably in a safe and judgment free space. By meeting regularly, relationships develop allowing for open feedback and the ability to hold yourself and others accountable for their actions.
With many of getting back to the office, peer and group coaching may be beneficial to help you readjust back into office life and give you a much-needed social involvement after so many months of isolation.
Leadership development can often be an overwhelming topic and you may not know where to start. The team at TalentCode HR are always here to assist you and provide you with advice to get you started in the right direction. Feel free to call our team on 1300 559 585 for a discussion on how group/ peer coaching can benefit your business.