Tip 167: The Benefits of Coaching

An organization’s success depends on its talent—its ability to capitalize on it and retain it. To be successful, an organization needs to enable its workforce to grow, develop, and mature.

Coaching is one way to support continued employee development and can be a powerful tool for improving the performance of both the individual and the organization. It addresses both personal and professional development, as well as provides opportunities to acquire valuable skills and knowledge to stretch goals and receive one-on-one guidance to help individuals reach their potential.

Reflect on the Benefits of Workplace Coaching.

• Achieving Objectives: Coaching brings out the best in people and maybe the answer to unlocking employee talent and filling gaps in achieving objectives.

• Leader Retention: Retention rates significantly improve when managers schedule a coaching session with their team members and consistently ask questions.

• Increased Job Satisfaction: Employees across the organization can benefit from supportive coaching, whether they are taking on a new role, developing direct reports, or informally influencing their teams. When employees are happy, feel supported and competent, and have a sense of belonging, there are human and bottom-line benefits.

• Improved Relationships: Not only can a coaching culture help create a more open and trusting work environment, but it also helps to build more meaningful relationships. Honest two-way conversations allow team members to pinpoint concerns, as well as express their own ideas to improve their professional relationships.

• Increased Motivation: While internal motivation is important, a coach can give you the external motivation you might need to feel revitalized about your role in the organization. Meeting with a coach can help you learn ways to boost your energy levels and feel excited about your work.

Coaching potential promotes organizational consistency, improves performance, productivity, and organizational climate, increases commitment and engagement, builds trust and relationships, and ensures solid leadership succession.