What Coaching can do for Recruitment and Retention?

Employees

The impact of internal coaching on employee retention can vary depending on various factors, such as the quality of the coaching program, organizational culture, and individual circumstances. While it's challenging to provide an exact average retention rate, studies have shown that internal coaching programs can positively influence employee retention. Here are a few statistics and findings that highlight the impact of what coaching can do for recruitment and retention:

1. According to a survey conducted by the International Coach Federation (ICF), organizations with strong coaching cultures reported higher employee retention rates compared to those without coaching cultures.

2. The Deloitte Millennial Survey 2020 mentioned earlier found that 71% of millennials who received regular coaching from their managers planned to stay with their current employer for the next five years. This indicates that coaching has a positive impact on their commitment to the organization.

3. A study published in the International Journal of Evidence-Based Coaching and Mentoring showed that organizations with internal coaching programs experienced a 26% increase in employee retention.

Overall, while it is challenging to provide an exact average retention rate, these statistics suggest that internal coaching programs can contribute to higher employee retention. By providing employees with opportunities for growth, development, and support, organizations can create an environment that encourages employees to stay engaged and committed to the company.

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