Continual professional development (CPD) is a common factor within business training budgets. Back in 2018, companies spent over $87.6 billion on training and developing their staff.
Yet this training is often rolled out for those further down the company hierarchy. It’s focused on the team members rather than the leaders.
No leader knows everything, and there’s always something new to learn. Especially during a period of huge unrest and uncertainty.
Have you considered that now is the time for executive leadership training? Read on for 3 reasons to invest in executive leadership coaching during a pandemic.
1. It’s Still Business, Even if It’s Not Business as Usual
The world looks very different from the way it looked this time last year. Yet it hasn’t stopped simply because there’s a pandemic going on.
Your business still needs to make money. It likely needs to make money in new ways to cope with changes in your industry or market.
Now, more than ever, you need to make the most of your leaders. You need their skill set to be sharp and ready for action.
Coaching often focuses on developing a leader’s weak spots. Instead, use coaching to drive business results. Focus on your business goals and figure out what your leaders need to to to hit them. Executive coaches can work with your leaders’ strengths to help hit these goals.
2. Learn to Pivot
The pandemic has forced everyone to pivot. As much as people want to go “back to normal”, that old normal no longer exists.
Your team needs to be ready for the ‘next normal’. With the right guidance and advice, you can even help define what that looks like.
The new paradigm means your leaders need new skills and tools to be effective. Looking internally can make it difficult to see what those skills or tools might be.
That’s why executive coaches are so valuable since they work across industries. They can bring in unexpected insights to help you navigate those changes.
Senior executive leadership training will help your leaders find their inner flexibility.
3. Executive Leadership Coaching Takes the Pressure off Leaders
The changes to working patterns have taken a toll on everyone in your organization. Managers and leaders must support their staff to help them adjust in uncertain times.
Yet who supports the leaders? They can feel lonely and isolated without anyone to help them adapt to the new situation.
Investing in executive leadership coaching gives them much-needed support. It gives them a space to be listened to and to recognize their contributions.
When leaders feel supported, they’re better able to support others.
Invest Wisely in Your Leaders
Now you know why executive leadership coaching is an excellent investment during a pandemic. It can help you bridge the gap between your leaders’ skills and your business goals.
Coaching can also help your leaders navigate these uncertain times with grace and ease. It also recognizes their humanity and provides the support they need to be a good leader.
It’s not just a wise investment, it’s essential. Check out our business articles for more tips and advice to boost your bottom line.