Did you know that the Covid-19 pandemic has been the key catalyst for a drastic shift in the attrition rate in corporates? Reports say that most Indian IT companies have reported a 20% employee attrition rate in the last quarter of FY22. These stats are difficult to face but other than the pandemic, and other key factors are held responsible for the spike in attrition rate.

Companies did not waste many minutes taking hold of the situation and immediately started to analyze the other key factors that pushed ahead to this spike in attrition rate in the IT industry. The experts were constantly digging deep to find the root cause, and not one there were the following reasons that supported the hike apart from the pandemic.

1. Work-life imbalance
2. Lack of power in decision making
3. Appraisal and promotions frozen
4. Shaken faith and conscience in the Organization
5. Toxic Work Relationships
6. Lack of Coaching and Authentic Feedback
7. Lack of Mental and Emotional Guidance
8. Not Being Valued

One of the most effective changes that can create a positive shift in the workplace culture is the availability of Professional Coaches for employees. Organizations need to start making unheard-of choices for their employees to evolve and grow financially, emotionally, mentally and spiritually. As a part of the training, organizations need to focus not only on developing the work abilities and skills of the employees, rather the focus should be developing the life on the whole.

Have you seen the movie Office Space from the ’90s? Peter Gibbons, the main character, says, “It’s not that I am lazy, I just don/t care” this is exactly where coaching can help the employees. Relatable much?

Workplaces globally have started understanding the importance of workplace well-being. In order to ensure that the employees are motivated, feel secure, and can efficiently manage both work and personal life. Successful companies have already started incorporating coaching as a part of their employee well-being programs.

Let us now understand how coaching helps in employee retention in detail.

When we talk about coaching in organizations, it is focused on the growth, engagement and happiness of the employee in the organization.

This makes a huge difference. When the employee is engaged at an individual level and is happy about it, the approach toward working individually and with the team members changes drastically in a positive direction and when the employees give their best individually and as a team, results will be noticeable. Right?

In a coaching session with employees, the coach focuses on getting clarity of the core values and the purpose of the employees in their life i.e. “WHO AM I” and focuses on achieving the results. Once you are connected with WHO AM I , the battle is half won. Because now, you will learn how to align your purpose in life. When both the goal of the organization and the employee are aligned, productivity and outcome are bound to improve.

Coaching involves working on an individual holistically, and it focuses on your emotional, physical, spiritual and mental well-being. The coach will help and guide the employees to evaluate their work performance and their lifestyle as a whole. The employees will create a system that focuses on making mindful choices in work and personal life.

Coaching elevates the human consciousness.

And the employee is more aware about themselves they feel stable and secure holistically and this will ultimately lead them to excel at both professional and personal fronts of their life.

A coach encourages you to be capable of being accountable for your actions and be responsible for yourself and your own life. In a coaching session, the employees will work with the coach to learn the skill of goal setting, habit building, consistency in the actions, and evaluating progress and when the employees master this skill, it improves performance. They can manage the work pressure and sail through tough situations more efficiently and with more strength and stability.

There came the point in the corporate world when workplace harmony and well-being had become a myth, but with the help of coaching, many organizations have maintained a healthy work culture.

Coaches can help the employees address their emotions and feelings in their work relationships. A coach is trained and skilled to handle feelings and situations without involvement in workplace politics and help the employee sail through a toxic work culture crisis.

Coaching helps the employees to understand, evaluate and address and then further communicate their feeling and emotions in a very humble and polite manner. And when every feeling and emotion is handled with respect and confidence, there is harmony.

A coach works on the employees’ active listening and silent observing skills. This helps them understand their colleges better and allows them to be mindful of their behavior and actions at work.

As humans, we do not like to be managed, we prefer to be coached, that’s exactly what a coach will do with the employees.

A coach will not give elaborate lectures or give advice or suggestion. The coach and the employee will, together as a team brainstorm, create a plan, set goals, and work on it.

Coaches are thinking partners.

As they say, kids learn the most when they don’t realize they are being taught. Similarly, a coach does not train the employee; they raise the awareness through powerful listening and questioning through a transformative space they create for the employees.

And this is what will make the employees feel secure and happy about being a part of the organization and call them a family.

Yes! Be ready to reap bigger profits.

You are running a business and need profits to take this further; investing in a coaching might be an overwhelming expense for your organization. But some studies say that companies with higher employee well-being ratios are directly associated with more productivity and greater profits.

So, are you ready to make bigger profits along with the holistic growth of your employees?