In this modernized corporate world, being a coach is more important than just another leader for your employees.
A 529% return on investment and significant intangible benefits to the business – that’s the ROI of Executive Coaching as seen by a Fortune 500 firm (Report by MetrixGlobal)
Despite such wonderful benefits, if there’s a single performance aspect that’s been lacking in most organizations, it is effective employee coaching.
Building credible employee relationships in the workplace have been quite crucial to accelerating the growth of the employee as well as the organization. And there’s no other clearer roadmap to achieving this than through coaching.
But how coaching can foster better connections and credibility.
The Powerful Connection Between Coaching and Building Healthier Relationships in The Workplace
Before we jump right into the effectiveness of coaching, let’s understand what employee coaching signifies in real-time. It’s an activity with a primary focus to improve every employee’s performance and tap into their potential through multiple one-on-one in-depth discussions with their managers.
This partnership between employees and managers can open doors to clearer communication while addressing challenges and opportunities for growth. As this shows a genuine interest from the manager or leader, employees become more trustworthy which ultimately leads to building healthy interpersonal relationships amongst both parties.
What Are the Definite Benefits of Effective Coaching for Meaningful Connections?
Yes, coaching is beneficial, and it is evident from the several benefits it delivers. Let’s take a look –
Improves Employee Well-Being
Well-being is super important, especially in testing times like the pandemic. Many companies have gone the extra mile and focused on improving employee well-being through empathy and genuineness. Since coaching is an ongoing process and not a one-time approach, a particular segment of your coaching practices, when aligned to improve well-being, can bring tremendous changes in employee productivity.
For better outcomes, boosting employees’ skills is not the only important factor. Managers who coach need to work at the ground level and understand every employee’s concerns, and challenges, and maintain open communication while coaching.
Facilitates Faster Development
Well-executed coaching enables smoother performance management, sets aspirations, and makes way for rapid development – personally and skill-wise.
Leaders set an example and encourage continuous innovation and learning in the workspace that, in turn, pushes employees to achieve the set milestones.
The surrounding environment, communication, empathy, and transparency created through coaching empower your employees to generate results faster. They also get the right roadmap to learn and control their tasks single-handedly. This gives them a chance to confidently succeed and move onto higher levels and see bigger successes.
Building Comfort and Genuineness
There’s often a noticeable lack of comfort between the managers and their subordinates. And to break this divide, coaching can help immensely. So, a manager with good interpersonal skills and genuineness can easily build an authentic relationship with his employees.
Constructive Feedback for Growth Opportunities
Feedbacks are the most crucial part of the coaching process. Why? Because they are used as a mechanism to understand the effectiveness of the coaching programs.
Employees are encouraged to freely share their opinions. This keeps the momentum going as they are equally respected to speak their minds and share inputs, challenges, and the needed changes in their roles.
Personalized Coaching for All Levels
In an organization, every employee is different irrespective of their similarity in work or levels. And supporting each of them in their quest is a challenging task if not for coaching.
Personalized coaching aligns with each of these individual personalities and caters to their growth. A well-defined customized, one-on-one coaching program is undoubtedly key to building meaningful relations between leaders and employees.
As a leader, promoting a healthy work culture while molding the employees to understand the organization’s vision better is super important. And this can be brought to reality through coaching.
Building mutual respect for one another and crystal-clear communication is key to witnessing results faster and working as a team rather than as individuals. The collaborative nature of coaching is the need of the hour considering the constant decline of meaningful relations in the workspace post the pandemic.
It’s time for organizations to explore the benefits of coaching and build their teams to be future-ready with deeper relationships and creative mindsets. To enable this, it is important to provide the people managers in your organization an opportunity to improve their leadership skills and become effective coaches for their teams.