Picture this! You have a skilled team that knows their requirements and goals. But most of the time, they are not aware of how to do it. Having a specialist or coach to guide can show them the right direction to achieve their goals. Like the coaches train and guide sports players, even workplaces need coaches to train employees for various reasons.
In a nutshell, coaching is defined as the training, guidance or development that helps a learner set the right goals and achieve it. It can be offered as a part of the corporate wellness programs to reap more workplace benefits.
What Is Workplace Coaching?
Workplace coaching is the overall process where employees are provided with the right tools, guidance, and opportunity to develop themselves. This development impacts their personal lives, their work, and their commitment to their company. It is not just therapy, counseling, or mentoring, but a blend of it all to offer the right information and support employee growth and achievement.
Studies have shown that the right workplace coaching modules, usually offered as a part of the corporate wellness programs, boost employee engagement, productivity, creativity, and resilience. Moreover, it also gives companies a competitive edge to operate in a rapidly growing environment. Without coaching, employees tend to become lesser productive and disengaged, costing organizations a lot towards lack of employee engagement and lost productivity.
Here are the top benefits to reap by implementing the right workplace coaching programs for employees.
1. Boosts Employee Engagement
Coaching is to employee engagement what peanut butter is to jelly – the right combination. Workplace coaching programs are one of the best employee engagement strategies. When employees are engaged well at the workplace, it offers many workplace benefits like –
- Higher employee retention – Engaged employees are 75% more likely to stick to their companies.
- Increased employee productivity – Engaged employees are 17% more productive than disengaged employees.
- Less financial loss – Companies lose $550 billion annually due to disengaged employees.
Corporate wellness programs boost employee engagement, and if workplace coaching is offered as an added module, the benefits could be vast.
2. Increases Employee Productivity
The impact of coaching programs on employee productivity and performance is enormous. It enhances employee’s individual skills, allowing them to understand their role at the organization. When the employees know what their responsibilities are and their impact on business growth, they tend to perform better. With the right coaching modules, employees can be trained well to start developing their skills and work in line with the business goals.
3. Helps Achieve Business Goals
Another key goal of having workplace coaching programs is to achieve business goals. A strong coaching culture drives employees to set and achieve actionable business and personal goals. The personal goals can include employee wellness, skills development, and training to deliver company-focused content. When these skills are put to the right use, it automatically meets the company’s goals, reflecting business growth. Better employee productivity and achieving business goals go hand-in-hand, and when your employees know how to achieve them, it becomes much easier to reach the target. This is where coaching can bridge the gaps to achieve the set goals for business growth.
4. Builds Stronger Teams
Studies show that workplace coaching programs can improve teamwork by building stronger relationships within the teammates. As the communication and engagement increases within the teams, they are more likely to work together and resolve work issues. A Stanford University report showed coaching improved internal bonds within employees, making them feel valued, thus, increasing employee motivation. Coaching programs can be the catalyst for better communication and feedback. For example, leadership training programs can help managers build leadership skills and bond with their teams, which can effectively boost employee engagement and workplace culture.
5. Improves Problem-Solving Skills
Effective coaching develops employee skills and trains them to be prepared through their work process. Essentially, it develops problem-solving and decision-making skills of the workforce, which instills confidence while facing workplace challenges and boosts employee productivity. Coaching programs with problem-solving training allow employees to find solutions by themselves and be less dependent on others, thus, reducing the negative impact of micromanagement. This ensures a continuous workflow with better employee productivity and business growth. In short, workplace coaching programs boost employee engagement and productivity, which builds a positive and healthy workplace culture. Be it health coaching to improve employee health and wellbeing, or training sessions to encourage skills development, workplace coaching programs offer wide-ranging benefits.