Benefits of 18-07 Coaching
Increased profitability
Reduced costs – when an employee leaves it is expensive, and there can be hidden costs too. Costs may include:
– Cost of hiring
– Training and onboarding
– Learning and development
– Opportunity cost of unfilled role
– Detrimental effect on customer relations
– Others wanting to leave
– Productivity drop
– Morale drop
– Negative PR
– Loss of IP
Increase in productivity – the benefits of coaching are well documented. They include:
– Organisations implementing coaching strategies grow faster
– Employees get paid more in companies that grow faster
– Organisations and individuals achieve goals faster
– Stability during change and transformation
Happier and more fulfilled employees
Happy and fulfilled employees are far more likely to stay with their organisation, as well as being more productive. Benefits include:
– Attraction of talent to the organisation
– Retention increases profitability
– Enhanced wellbeing at work
– Less sick days taken
– Higher productivity
– Increased morale