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Tax & AccountingFebruary 17, 2020

How Coaching and Mentorship Benefits Your Organization

We hear a lot about coaches in all walks of life who have impacted those they coach in a positive way, helping them achieve more than they believed possible. Good coaches measure their success by how much those they coach grow, develop their skills, and succeed in their chosen field.

At a recent conference I attended, we learned that 70% of Fortune 500 companies have some type of mentorship program, which we call a Career Coach at my firm. You may be wondering if your organization should develop a coaching program and why?

Coaching (also known as mentoring) your people will usually show positive results because the coach, who is also an employee higher up in the organization, spends one-on-one time with the employee, learning what they enjoy most about their job, what areas are a challenge, the skills they would like to improve, and most importantly, their goals and dreams for their career. Your employees have someone in their corner, looking out for them within the organization, providing a listening ear and helpful advice.

At CLA, we have three defined coaching cycles throughout the year, which means everyone has at a minimum, three in-person meetings with their coach annually. Coaching will often show immediate positive results because the person being coached can work on new skills as soon as the meeting ends. Meeting three times per year means three opportunities to put new suggestions into practice immediately.

Okay, you may be thinking, that sounds great for the employee, but what about the entire organization? What benefits will we see? I’ve got you covered on that, too. Actively helping employees grow and improve their skills translates into better on-the-job performance and productivity, and may tap into other skills and talents that weren’t previously being used (for the benefit of the organization!)

Knowing someone at work is actively helping them promotes loyalty and shows your organization is committed to helping them develop key skills and advance their career. This is a sure way to improve motivation. Coaches can also help employees understand management’s goals and plans that may affect them and improve relationships across the firm.

Are you convinced yet?

Ready to learn more about the coaching and mentorship process? Check out other posts in Jackie's coaching and mentorship series.

Jackie Fiesher
Jackie Flesher, CPA, CGMA
Jackie is a Coach Champion and Director at CliftonLarsonAllen (CLA) in the Washington DC region in their outsourcing division. Jackie’s clients are medium-sized private sector businesses as well as not-for-profit organizations. Jackie’s passionate work is to support the firm’s coaching program and help her colleagues get the most from their coaching relationships.