2024 L&D Trends: Why Coaching Should Be on Your Radar
2024 L&D Trends: Why Coaching Should Be on Your Radar
Here at VPS, we’re excited to announce the upcoming release of our VPS Business Learning & Development Priorities Report, 2024. This explores the latest trends shaping the L&D landscape, drawing on insights from interviews with industry leaders across sectors.
One key trend we’ve identified is the resurgence of coaching, emerging as the most popular learning delivery method globally in 2024, at a staggering 47%. And the benefits extend far beyond popularity. Research (1) shows a clear link between coaching and business success: high-performing companies are 63% more likely to invest in coaching solutions for their workforce.
So, you’re ready to harness the power of coaching in your organization. But where do you begin? Here are some key considerations:
Choosing Your Coaching Format: One-on-One vs. Group
One-on-One Coaching: Provides a highly personalized experience, allowing for deep dives into specific goals and challenges. This format is ideal for leadership development, performance improvement plans, and areas requiring confidentiality.
Group Coaching: Fosters collaboration, knowledge sharing, and peer-to-peer learning. It’s a cost-effective option for broader skill development or team-building initiatives.
Finding the Right Frequency
Research (1) indicates employees favor more frequent coaching sessions, with a majority preferring weekly or monthly interactions.
Effective Management and Measurement
Tracking progress is essential for any learning program. Most modern Learning Management Systems (LMS) offer functionalities to manage coaching programs for individuals and groups. Implement evaluations and link coaching efforts to performance metrics to demonstrate the program’s impact on business results.
How VPS Can Help You Coach for Success
At VPS, we are experts in integrating coaching programs into comprehensive learning blends. We’ve partnered with numerous clients, including a leading financial institution that implemented coaching within their award-winning leadership development program for frontline employees. This program received industry recognition and garnered overwhelmingly positive employee feedback, showcasing the power of effective coaching.
VPS offers everything you need to launch your own successful coaching program:
Expert Coaches
Our experienced coaches will guide your employees towards achieving their full potential.
Seamless LMS Integration
We’ll ensure your coaching program is smoothly integrated with your existing LMS for efficient management.
Administration and Logistics Support
We take the burden off your shoulders by handling tasks like calendar invitations, scheduling logistics, and learner support, allowing you to focus on the strategic aspects of your program.
Lookout for more insights from our Business Learning & Development Priorities Report coming soon!
Contact VPS today to embark on your coaching journey and unlock a new dimension of learning and development within your organization.