Expert advice on managing a growing team and business
Download our complete guide to human resources, containing resources that will help you manage your team and company culture as you grow.
By ATB Financial 5 October 2020 7 min read
As the saying goes, people don’t quit jobs. They quit managers.
In fact, one in two employees have left their job because of a manager at some point in their professional career, according to a survey from Gallup. For those who don’t leave, less-than-stellar managers can drive down employee engagement. The same survey found that managers account for at least 70 per cent of the variance in employee engagement scores across units in a business.
Today’s employees want more than a manager who follows up on their tasks. They want a leader. “To me management is an old, hierarchical idea and puts more onus on the entrepreneur or business leaders than the employee. Leadership, on the other hand, is about empowering others, developing them and creating the environment for them to thrive,” says Greg McLeod, performance coach at ATB.
Employee wants and expectations of leadership are evolving because of the rapidly changing nature of the world we live in, he says. With organizational structures flattening, the pace of work increasing and remote work on the rise, employees have greater opportunities to contribute to the success and growth of an organization.
“These changes are creating opportunities for more networked leadership and decentralized decision-making. In this way of working it becomes critical that leaders and employees are frequently aligning on goals, checking in along the way and taking time to debrief after a piece of work or project is completed to discuss what worked, what they might do differently and the learning they are taking forward” he says.
For entrepreneurs or business leaders looking to transform from a manager of employees into a leader of employees, it’s about expanding your repertoire of techniques to include coaching, says McLeod. “I’m not advocating for no hierarchy, but I do challenge people to think about the structures they have created and ask yourself if they are helping or hindering the results you are after. It depends on the industry, the nature of the work and the experience of your people. However, you need flexibility in your leadership style and becoming more coach-like can be a big part of that.”
Coaching is an approach to leadership that helps improve the thinking of others, release their potential and maximize their performance. It can deepen relationships between employees and managers throughout a company, boost employee engagement and increase team motivation. According to The Association for Talent Development 80 per cent of the workforce who have experienced coaching said it had a positive impact on their performance, productivity and well-being. In addition, coaching can boost a business’ bottom line. A study from Bersin & Associates found companies that invest in coaching skills can provide a 130 per cent increase in business performance.
McLeod says that while a coaching approach isn’t perfect for every employee interaction, you should identify those employees and the moments where doing more asking than telling might better serve you and your people. “You need to know your people first, their experiences, strengths, motivators and preferences. Someone new to the job, they might need you to be more direct in order to build their confidence and skill,” he says. For others who can take on more responsibility, let yourself be positively surprised by them when you push them with coaching, he says.
Embarking on a journey to lead employees with coaching starts with understanding it is easier — and faster — to simply tell employees what to do. But fast and easy rarely equate to effective! You have to resist that human urge. “It won’t be a big breakthrough. It will be incremental changes as you have small wins,” says McLeod. “Acknowledge the reality that as you become more coachlike in your approach it might take more time this week, but as the weeks tick by you’ll find your conversations becoming shorter and more effective as your people take more ownership and accountability, freeing you up to focus on the things that are critical to leading your business.”.
To shift your leadership style towards being more coach-like, consider the following five steps as a starting point:
“When leaders hire the right people, coach and trust them, then see what they’re able to do, leaders ultimately find that it’s a lot less work for them,” says McLeod. “This allows those leaders to focus on the critical things or prioritize what they are best at doing.”
When done effectively, coaching your employees drives greater engagement for your teams and creates capacity throughout you as an individual.
If you’re looking for a deep dive on everything you need to know around how to grow your business and lead with purpose, our ATB X Accelerator program might be just the place for you. Alternatively, feel free to reach out to one of our entrepreneur strategists to explore where you are with your business, where you want to be, and how to get there!
Download our complete guide to human resources, containing resources that will help you manage your team and company culture as you grow.
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