How Workplace and Business Coaching Can Improve Your Business
Companies often comprise of groups of people that come together to work towards achieving a known set of objectives. Which is why it makes sense to help the people you hire actualise their full potential. As a matter of fact, research supports this as leadership coaching has been found to deliver ROIs of up to 5.7 times the initial cost. Coaching can be viewed as a development process where people meet regularly to clarify their objectives, handle potential stumbling blocks and positively impact their performance. Coaching is essential for unlocking maximum potential for both individuals and teams, and is especially useful in addressing areas such as; problem-solving, long-term goal development and achievement and performance improvement. It is worth noting that improvement takes patience and empathy since employees are humans and not computers that require software upgrades, but the end results are totally worth it. Read on to discover how you can develop through workplace coaching.
Organizations are better enabled to recruit and retain top talent through workplace coaching. There has been a huge paradigm shift in many organizations courtesy of the growing millennial workforce. Research suggests that millennials’ want and expectations of being coached by their managers, is 50% more than any other generation. Nowadays, there is a close link between recruitment and retention of millennials and an organization’s ability to innovate and succeed.
Workplace coaching enables organizational needs to be aligned with personal growth. When managers get to coach the employees, they have a perfect opportunity to boost team alignment. By developing employees, they not only benefit through personal and individual career growth, but also having such growth initiatives well aligned with the requirements of their respective teams and the organization as a whole. For example, some employees with high needs for control may be reluctant in delegating tasks, which creates bottlenecks and reduces team efficiency. Coaching can teach such employees task delegation to develop direct reports, impart necessary leadership skills, develop new opportunities in the team and boost overall team productivity due to tasks sharing among capable employees.
Workplace coaching is an important tool in increasing employee engagement. Most employees ideally wish to work for organizations and managers that are significantly 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. When such time gets spent coaching employees via effective questioning methods geared towards promoting active learning, the ultimate impact is often huge.