Professional Development is a competitive advantage.
When leaders focus on developing people, their companies see a long term performance edge. In addition, companies with an excellent employee experience, specifically collaboration, creativity, and empowerment, innovated at twice the average, doubled the customer satisfaction and achieved 25% greater profitability.
Performance through people: Transforming human capital into competitive advantage, McKinsey, 2023
Building Business Value With Employee Experience
, MIT CISR 2017
The primary reason people leave employers is lack of professional development.
Your employees, especially Millennials and GenZ, want to grow on the job-even more than get a raise.
As of November 2020, the SEC has been keeping their eye on your employees’ experience at work—their wellbeing, their training, their relationships. Don’t leave professional development to chance.
Your managers are your everything. And they need coaching, especially these days.
If you’re serious about hiring underrepresented groups, offer coaching. Terawatt’s original research found that the group that wants coaching the most is Black women.
People want to feel taken care of on the job, so including Terawatt’s group coaching as part of your employee package will help with recruitment and retention.
Creating a culture of psychological safety is one of the most important ways for teams to innovate and succeed, which is more important than ever in our post-pandemic world.
Teams that learn together, grow together.
The cost of replacing employees is approximately 30% of an employee’s annual income. Instead of hiring new employees, why not coach the ones you’re with?