“Why Coaching for Your Employees is a Good Investment”
Coaching in an an invaluable tool for business owners to develop and sharpen the skillsets of employees. According to a survey done by the Institute of Coaching, an affiliate of Harvard Medical School, around 80% of employees who receive proper coaching results in an exponential growth in both a better attitude and overall confidence level. And approximately 70% of them report enhancement of productivity and communication skills. Also, 86% of the organization’s surveyed report that they have observed a positive change in their employee after being coached.
To run a business effectively, you need to invest in not only infrastructure and marketing but also in human capital. To have a coach available for employees is one of the best ways to do this. According to other research, the vast majority of leaders in today’s marketplace are seeing the benefits in making their employee a top priority. To grow a business successfully, instead of boosting salaries, offering more benefits or perks, etc., smart leaders invest in their business by promoting the habit and culture of advancement through learning. And a good coach is a great way to facilitate that in employees.
Bill Gates has famously said, “Everyone needs a coach”. Benefits of coaching include:
- It can establishes trust and let the employee know you care about them. This can go a long way in gaining the loyalty of an employee.
- Coaching can help with the job satisfaction of the employee.
- Coaching keeps the employee more accountable and engenders a sense of responsibility in them.
- Effective coaching can turn an ordinary employee into a superstar employee.
- It can help an employee to get motivated and inspired to contribute to the betterment of the organization and improve its bottom line.
The skillset of an employee should be sharpened and enhanced from time to time according to the needs of the market and current trends. A good coach can enhance these skills that ultimately affect productivity—and sometimes even innovation— of an organization. Effective coaching can also help improve an employees ability to communicate effectively with supervisors, peers and customers.
Everyone has unique and specific skills that need to be uncovered. A coach can facilitate this by guiding an employee to excel using various methods and techniques to help improve their capabilities as well as overcome fears, limiting beliefs and other sticking points that may prevent them from realizing their full potential. Coaching can also help to foster innovative thinking within an organization and also groom potential leaders. When a potential leader learns his capabilities through a good coach, he can be a model for other employees, which can motivate and inspire other employees as well.
Managers and owners should consider the impact of coaching on their employees and organization as a whole. It’s a cost-effective way to maximize the potential of every employee, get buy-in to the company mission and helps foster the best in each worker. To stay competitive, organizations in virtually every industry can benefit greatly by hiring a coach for individuals and teams within their company.
Tim Piccirillo is a mindset coach and marketing consultant who works with business owners, CEO’s and employees to maximize their innate potential, help to remove the limiting beliefs and thinking errors that may be inhibiting their personal and professional growth. He can be reached at firstname.lastname@example.org. You can also check out his website at www.TimPiccirillo.com