If you have been coached, you will be able to identify many benefits from the coaching relationship. The positive impact on your career could be felt in many ways; for example by creating confidence, improving performance or enhancing communication skills. By the same token, if you want an engaged workforce who will impact your bottom line, you should consider workplace coaching. This can benefit not only your employees but also the organisation as a whole.
CIPD research demonstrates that coaching is considered crucial to business strategy by 51% of companies. Where large-scale restructuring or strategic transformation is required, for example, coaching is seen as a tool for creating significant change.
Here are some of the benefits of workplace coaching, both for the organisation and the individual:
ORGANISATIONAL BENEFITS
Workplace coaching can boost employee morale, retention rates and performance. This, in turn, enables organisations to remain ahead of the competition.
Better employee retention
Providing coaching support can vastly improve employee retention. Managers who coach their teams will create greater engagement. Employees will feel happier if they feel nurtured. Routine check-ins create trust on both sides and positively impact overall company performance.
Greater performance
Even the best employees’ performance may drop occasionally. This could stem from a lack of career direction or limited management support. In general, employees will work harder if they felt their efforts are valued. Coaching can be the key to unlock the dormant talent in your organisation and close the gaps in performance.
Impact on productivity
Improving company culture by implementing a coaching style takes time. Therefore, senior leaders must set the example in order for a coaching culture to be embedded. Coaching encourages all employees to seek feedback and take steps to improve their performance. A healthy place of work is encouraged, and issues are addressed quickly.
When leaders encourage constructive criticism, this leads to a happier workforce, and a happy workplace can increase productivity by up to 12%.
EMPLOYEE BENEFITS
Workplace coaching will mean that the employee feels more valued. They will gain fresh perspectives, and be more likely to engage with organisational goals.
Accomplishing goals
The coach helps to set realistic career goals and work towards them. This, by itself, creates a greater prospect that the goals will be achieved.
Improved engagement
Coaching engages and encourages coachees. When someone feels engaged, they are more likely to contribute to their team’s objectives. Retention rates and productivity also improve, creating a win-win for organisation and individual.
Different perspective
The coach remains objective whilst also providing guidance. This means that the coachee can obtain new perspective without feeling nervous about speaking to someone within their organisation.
Deeper understanding of self
Workplace coaching doesn’t only have to be about an employee’s work skills. It also takes understanding to a deeper level. As a result, an individual can become more self-aware. They can reflect on how others see them, and work on aspects of themselves that they would like to change.
Support to enhance skills
Knowing that someone is there entirely to help achievement of goals is an important part of the coaching process. Access to support for improving skills can also be really valuable.
If you feel that your organisation could benefit from a greater focus on workplace coaching, please contact me for an introductory chat about how I can help you to achieve your goals.