The Significance of Managerial Coaching for Employee Development

There is one thing that brings us all together in this big world - meaningful relationships! People love to be supported, guided and guided by people who care about their well-being and who help them become better than themselves.

When it comes to their jobs, people are even more receptive to well-meaning instructions. More than 3 in 4 people say feedback is valuable, and nearly all (97%) say mentorship is critical to success in the workplace. And in today's era of meaningful work, one of the best ways to give employees support, feedback and encouragement is through the art of coaching!

Like Mr. Miyagi in The Karate Kid or Qui-Gon Jinn in The Phantom Menace, managers are responsible for training their employees in the art of doing good. And all it takes is a little time and planning!

Fasten your seatbelts, folks, because things are about to heat up!

The benefits of coaching for managers

Coaching seems like a lot of work, you say. Is it really worth making the effort?
The survey says: absolutely!

Let's dive in and talk about the amazing benefits coaching can provide:

Did you know that coaching has a 221% ROI? That’s more than double your previous investment, particularly in the human side of your business.
More than 80% of people who receive coaching increase their self-confidence. This helps employees to be happier, healthier and even more satisfied in their roles!
Almost 9 out of 10 companies recoup their costs on coaching programs. If you're like most companies, you literally have nothing to lose.
Employees who are regularly coached are able to use their strengths and skills more effectively. And employees who are more familiar with their talents bring companies a 29% increase in profits.

Coaching is a big deal no matter how you look at it! If you do it right, it can be a huge win for you and your business.

How to coach an employee

Coaching your employees is like riding a bike. Once you've mastered the basics, you'll feel more comfortable, have more confidence, and be able to try new tricks (do wheelies anyone?).

Check out all the management resources available to you or create a coaching startup resource for your company.
Use the vision coaching method to develop clear strategies, goals and outcomes for individual employees (think SMART goals).
Don't be a friend or a parent. Instead, take a holistic approach that shows genuine interest in employees' success - even outside of the workplace!

Coaching employees may feel awkward or strange at first, and that's okay! But if you step out of your comfort zone with these tips, you'll be well on your way to advancing the careers of others.

Coaching ideas for managers

Do you still have some analysis paralysis? We get it. Starting a brand new initiative can feel tiring, if not a little stressful.

Here are some ways to start an executive coaching program:

Plan for feedback

Do what you can to help your employees become aware of their progress, skills and development opportunities. If possible, you should provide personal feedback at least once a month.

2. Focus on employee development

Provide your employees with plenty of resources to help them improve and recognize their skills, especially as they move up in the company.

3. Always rely on recognition

Always be ready to pat your employees on the back and make them feel appreciated, or use a tangible reward that truly says, “I appreciate you!” Gift cards are always an option.

There are many other strategies you can use as part of an employee coaching program; it just depends on you! Feel free to experiment with the options and goals, and look for innovations as you become more comfortable with the coaching process.

Tracking your coaching and performance management

Coaching has the opportunity to do a lot of good for your company - but without the right tools, it's not easy to measure its impact. Tracking coaching progress and benefits begins with identifying key KPIs, including data collection methods.

Large companies rely on a variety of solutions:

Employee Set Promoter Scores (eNPS) surveys show how much employees love your company.
Review any important achievements or goals achieved by the person being cared for.
Monitor your internal promotion and retention rates (reduced turnover).

Remember that these measured results are not just to stroke your ego. See the changes, take notes and optimize your strategy for the future. The more you refine your leadership tactics, the more effective they will be!

How to coach your employees with IceHrm

Coaching employees isn't just a nice thing to do. In a world where thousands of companies are desperate for top talent, you owe it to yourself (and your company) to provide value to your employees. One of the best ways to do this is by using value-based software, including the services offered by IceHrm.

We may be a little biased here, but at IceHrm we truly believe in providing tangible value to the modern workforce. Our engagement and recognition software makes it easy to connect with employees at any time, while listening programs and accessible dashboards allow you to measure progress in seconds. And did we mention that everything can be customized to suit your needs?

Empower your leadership journey with IceHrm's innovative coaching solutions. Drive employee growth and business success effortlessly.

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