Labor costs are always among the biggest investments employers make - and in many industries it is the single biggest line item on the budget. That makes wisely managing and developing this resource essential in today’s business environment.
Coaching and mentoring if often a critical step in bringing new hires onboard and acclimatizing them to your culture, processes and expectations. This can shorten the lead time needed for them to become fully productive and contributing team members.
Coaching and mentoring can help well performing employees advance their skills and commitment to the organization. It’s also critical in making average or low performing employees more productive - and more valuable to the organization.
Finally, coaching and mentoring can improve the function of the team, department and entire organization. It helps managers identify team members’ individual strengths and weaknesses of each employee - leading to better performance, commitment and job satisfaction.