COACHING FOR COMPANIES

A study by Hecht Harrison (a global recruitment company) found the top five reasons why companies provide coaching:

  • For leadership development 70%
  • For skill development or style differences 64%
  • To retain top talent 40%
  • As part of management succession planning 34%
  • To ensure success after promotion or with a new hire 30%

 

“How Is Coaching Used in Your Organization?”

Lee Hecht Harrison

If you think carefully, most of the above are linked to change and are mostly triggered in time of transformations.

-Coaching to manage growth.

Professional coaching is an important tool for managing change—growth is a positive type of change that if not managed accordingly could turn into a very painful time for the organization VS a time to celebrate. Also new employees entering into an existing working environment might bring additional culture and processes shift due to size increase and the need of a structure able to accommodate the new reality.

-Coaching to help your company through transformations. 

Coaching is a very powerful and reassuring aid in the face of uncertainty. Transformation can create a period of distress across the organization and confusion across the employees. Different organizations that introduced professional coaching during shaky times, faced the transformation in a more positive way. Taking care of their employees they noticed stress level lowering down, business performance increase, higher employee morale and commitment, increasing team spirit and much more.

-Coaching to restore self-confidence across the company.

When an organization faced an impacting restructuring with downsizing, departments merge or company acquisition the employees left in the company might feel under an enormous pressure. Restoring self-confidence Across the organization is critical to ensure future success. (The ICF Global Coaching Client Study quotes 80 percent of employees being coached had an improvement in their self-confidence.)

-Coaching to increase engagement within your employees

-Coaching your employees keeps them more engaged and satisfied with their work, significantly reducing turnover rates. IBM found that when its employees lacked internal support and career growth or opportunities, they were 12 times more likely to find work elsewhere. You do want to keep your employees, especially the most valuable ones (Netflix docet!).

-Coaching to support leadership 

When you look at your top-level people also keep in mind that leadership can be lonely.  

A trusted advisor outside is a big help when times are tough — ensuring a leader has a thinking partner and trusted confidante when they are leading others through difficult times can bring almost immeasurable benefit.

A Coach will make you run more laps while making each round easier and more efficient.

(One of the reasons ROI is so much higher with coaching than most training and development is that it is customized. An ICF Study found ROI for using coaches was, on average, 7x the price of the coaching.) 

A Coach will make your people prioritize the job and look into long-term strategies. It will help them focus. It will help develop long-term plans that will allow your business to function more efficiently and make more profit.

Developing a culture of coaching within your organization is a solid investment in both your employees and your company’s future.

More tailored services, to face transformations within your organization, can be offered also; in collaboration and partnership with SmartRecruit.ch 

I believe that happy teams ship great work fast. I think through strategic organizational systems and processes to make operations painless for people.
Michelle Morrison
Head of Design Operations at Dropbox

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© COACHINGTHROUGHCHANGE 2021