The Importance of Workplace and Business Coaching
A company is often made up of a group of people that work together to achieve a common objective. Therefore, it is very prudent that assisting the employees you hire achieve their full potential is a good strategy. As a matter of fact, studies can support this as leadership coaching was found effective, delivering ROIs 5.7 times the initial cost. Coaching is a developmental process where individuals meet regularly to clarify their goals, handle potential stumbling blocks and make positive changes to their performance. Coaching is needed to help individuals and teams achieve their maximum potential, particularly when addressing issues such as problem solving, developing long term goals and achieving them and improving performance. It is always worth remembering that employees are people, not computers that require software upgrades, hence improvements take patience and empathy, which is always justifiable by the end results. Below are some proven benefits of workplace coaching.
Companies can recruit and retain top talent more effectively through workplace coaching. The growth in the millennial workforce has caused a paradigm shift in many organizations. Compared to other generations, millennials desire and expect to be coached by their managers up to 50% more, as revealed by research. Nowadays, organizations capable of recruiting and retaining talented millennials are very synonymous with innovation and success.
Organizational needs can now be well aligned with personal growth through workplace coaching. Managers are empowered to enhance team alignment when they get to coach their employees. When organizations spend time in developing employees, they not only experience personal and individual career growth, but also growth that can be well aligned with the needs of each employee’s teams and the organization as a whole. For instance, employees with high needs for control may be reluctant to delegate tasks, which creates bottlenecks and reduces the team’s efficiency. Through coaching, such employees may be taught delegating to develop direct reports, which imparts important leadership skills, creates development opportunities in the respective team while boosting overall team productivity due to sharing of tasks among capable employees.
Workplace coaching is an important tool in increasing employee engagement. Most employees desire to work for organizations and managers that are invested in them. By providing employees with the desired coaching and feedback, levels of workplace motivation can be substantially increased, and ultimately job satisfaction boosted. According to research, leaders found to be most effective spend at least 30% of all the time and effort in improving their respective teams. The potential impact is great when such time gets spent coaching employees using good questioning techniques that enhance active learning.