Why Have Coaching within Businesses?
Due to the coronavirus pandemic there has been a deterioration in the many people’s mental health – 60% of adults and 68% of young people (13-24 years) said that their mental health deteriorated during the first lockdown. (Mind The Mental Health Emergency 2020)
Presenteeism (turning up to work when mentally unwell) has more than tripled since 2010 – 83% of employees have said they have seen this in 2019 compared to 24% in 2010. It costs three times (£17 billion – £24 billion per year for UK employers) as much as sick leave due to a loss of productivity of those in work but not working to their full capacity. (Mental Health and Employers: The Case For Refreshing Investment 2020
The average cost of recruitment in the UK is £3000 and 27. 5 business days and this is a conservative estimate and some recruiters state it can cost upwards of £12,000 depending on the annual salary of the job you are recruiting for.
Poor culture in a business can really slow down growth. “Culture is an organisation’s strongest competitive advantage. Organisations which build trust and engagement create workplace cultures that deliver outstanding business performance.” (www.greatplacestowork.co.uk 2020)
So…How Can Coaching Help?Coaching gives time and space in a non-judgmental, safe and confidential place where individuals can talk through any area of their life to enable them to make positive changes. This enables employees to focus on their work whilst they are at work rather than struggling with worries and anxieties in their working or private lives…
By providing coaching for your employees, you are showing them how much you value them as people not just as numbers. This acknowledgment will go a long way to making them feel more secure in their job, trusted and less likely to look for new employment.
Much of what we say, do and think is subconscious and heavily affected by our past experiences. Coaching allows the time to delve into thoughts, beliefs and actions, as well as the actions of others to try and better understand why people behave the way they do. This results in better communication between staff members and an overall better culture built on trust, understanding and honesty.
Not only will coaching have a positive impact on the wellbeing of your staff it also has positive financial implications – for every £1 investment on supporting employees’ mental health, employers also get £5 back on their investment in reduced presenteeism, absenteeism and staff turnover (Mental Health and Employers: The Case For Refreshing Investment 2020).
The Benefits of Coaching
- Establish and take action towards achieving goals
- Become more self-reliant
- Gain more job and life satisfaction
- Contribute more effectively to the team and the organisation
- Take greater responsibility and accountability for actions and commitments
- Work more easily and productively with others (boss, direct reports, peers)
- Communicate more effectively
The Benefits of Coaching in organisations
- Empowers individuals and encourages them to take responsibility
- Increases employee and staff engagement
- Improves individual performance
- Helps identify and develop high potential employees
- Helps identify both organisational and individual strengths and development opportunities
- Helps to motivate and empower individuals to excel
- Demonstrates organisational commitment to human resource development
What Would Coaching Look Like in Your Organisation?
Every member of staff who is having coaching will have an hours coaching every month which can either be face to face or via zoom/Microsoft Teams. This equates to just 0.6% of their working month (based on a 40 hour week and a 4 week month) away from their job role to enable them to take advantage of the bespoke personal development and all the benefits listed above.