Making Big Business Benefits Affordable for Small Business Owners!
We deliver cost-effective coaching and development plans for all your employees, boosting the ROI on your investment in their growth. Extending these services to their families further amplifies this ROI, showcasing your commitment to their overall well-being and success beyond the workplace.”
Coaching Works
5 Reasons Leadership Coaching Enhances Employee Development and Learning
Investing in leadership coaching for your employees not only cultivates effective leaders but also maximizes the benefits of workshops and training programs. Here are five compelling reasons to incorporate leadership coaching into your employee development strategy, backed by research and expert insights.
1. Personalized Learning and Growth
Research Insight: According to a study by the International Coach Federation (ICF), 80% of people who receive coaching report increased self-confidence, and over 70% benefit from improved work performance, relationships, and more effective communication skills.
Expert Quote: “Coaching provides a tailored approach to development, meeting individuals where they are and guiding them towards their unique potential.” — Marshall Goldsmith, Leadership Coach and Author *(We use Marshalls Exclusive MGSCC Process in our Executive Coaching Program)
2. Enhanced Retention and Engagement
Research Insight: The Harvard Business Review highlights that companies investing in employee development through coaching have 50% higher employee retention rates than those that do not.
Expert Quote: “When employees see their organization investing in their personal growth through coaching, they feel valued and are more likely to stay long-term.” — Jim Harter, Chief Scientist of Workplace Management and Wellbeing, Gallup
3. Improved Leadership Skills
Research Insight: A study by the American Management Association found that 58% of managers who received coaching reported significant improvements in their leadership skills.
Expert Quote: “Leadership coaching transforms managers into leaders by enhancing their ability to inspire, motivate, and drive performance.” — John C. Maxwell, Leadership Expert and Author
4. Greater ROI on Training Programs
Research Insight: According to a report by the Association for Talent Development (ATD), companies that combine training with coaching see an ROI of up to 600% compared to training alone.
Expert Quote: “Coaching reinforces and builds on the skills learned in training, ensuring that new knowledge is effectively applied in the workplace.” — Tony Bingham, President and CEO, ATD
5. Development of a Learning Culture
Research Insight: The Society for Human Resource Management (SHRM) notes that organizations with a strong learning culture have 37% greater employee productivity and 26% higher revenue per employee.
Expert Quote: “Coaching fosters a culture of continuous learning and development, encouraging employees to embrace growth and innovation.” — Josh Bersin, Global Industry Analyst
Conclusion
Incorporating leadership coaching into your employee development strategy offers personalized growth, boosts retention and engagement, enhances leadership skills, maximizes ROI on training, and fosters a learning culture. Invest in leadership coaching today to unlock your employees’ full potential and drive organizational success.
Innovative: “We work with you to creatively build strategies for engagement and encourage your employees to take advantage of this benefit.”
Check out what five experts have to say!
1. Increased Employee Engagement and Retention
- According to Gallup, companies with highly engaged workforces outperform their peers by 147% in earnings per share.
- “Employees who feel valued and invested in are more likely to stay with a company long-term, reducing turnover costs and fostering a positive workplace culture.” — Jim Harter, Chief Scientist of Workplace Management and Wellbeing, Gallup
2. Enhanced Productivity and Performance
- The Harvard Business Review reports that 71% of respondents rank employee engagement as very important to achieving overall organizational success.
- “Providing professional development opportunities helps employees build new skills and improve existing ones, leading to increased productivity and innovation within the company.” — Josh Bersin, Global Industry Analyst
3. Improved Employee Satisfaction and Well-Being
- A study by LinkedIn Learning found that 94% of employees would stay at a company longer if it invested in their career development.
- “When employees feel that their personal and professional growth is a priority, it boosts morale and job satisfaction, leading to a happier and more motivated workforce.” — Dan Schawbel, Managing Partner of Workplace Intelligence
4. Attracting Top Talent
- According to a Deloitte survey, 80% of respondents rated learning opportunities as a top factor in choosing a job.
- “In today’s competitive job market, offering robust development programs can be a key differentiator in attracting and retaining top talent.” — Cathy Benko, Vice Chairman and Managing Principal, Deloitte
5. Positive Return on Investment (ROI)
- Research by the Association for Talent Development (ATD) found that companies that offer comprehensive training programs have 218% higher income per employee than companies without formalized training.
- “Investing in employee development not only enhances individual performance but also drives overall business growth and profitability.” — Tony Bingham, President and CEO, ATD
What Could Your Business Look Like?
Investing in personal and professional development as an employee benefit is not just a perk but a strategic business decision that can lead to higher engagement, better performance, increased retention, and a stronger bottom line. By prioritizing workforce development, businesses can create a culture of continuous improvement and attract top talent, ensuring long-term success and competitiveness.
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