By Shakira M. Brown, Leadership Communication Strategist & Professional Speaker
Over the last several years, your workforce has been through a lot. So much so that employees across industries have a whole new perspective on the concept of work/life balance and are walking away from careers they’ve worked so hard to establish. Renowned consulting firm McKinsey & Company recently shared an analysis of the reasons why employees have left jobs in record numbers (often referred to as the Great Resignation). The most important factors were social and psychological, including not feeling valued by their organization or manager or not having a sense of belonging at work. Simply put, many employees have been suffering from burnout and have chosen to take matters into their own hands to deal with it.
Bolstering Resilience Through Coaching
Although burnout is not new by any means, employers are finding they need to deal with it on a more concentrated basis in record numbers. Staff development is a must for growth and resilience in today’s volatile economic times. Previously reserved for high level executives, companies are now turning to coaching as a way to help their employees stay motivated and engaged while also preventing them from feeling overwhelmed or burned out. Studies have shown that coaching programs also help with retention rates and reduce the number of people who quit their jobs. Coaching is a way to cultivate the soft skills necessary for team members to cope with stressful situations.
Mentorships for All
It used to be that mentoring was reserved for junior level staff only. That has changed quite a bit over the years. Employee mentoring is now being offered to employees at all levels by their managers or colleagues to help them better handle evolving workplace challenges. Mentors can help mentees explore new skill sets and interests, as well as offer support and guidance which could lead to a more fulfilling work life and therefore reduce burnout.
Coaching and mentoring are among the future skills (also known as soft skills) that leaders are expected to exhibit in the workplace long term, along with emotional intelligence, critical thinking and effective communication. In order for employees to thrive with these support mechanisms in place, companies must:
- Create a culture of collaboration.
- Create an atmosphere of trust.
- Encourage employees to take care of themselves.
Coaching and mentoring skills are essential to build a motivated workforce. Be sure these valuable skills are part of your repertoire.
Learn how coaching and mentoring can enhance the employee experience and cultivate loyalty, improving overall retention and reducing burnout. Join Shakira M. Brown, leadership communication strategist & professional speaker (https://www.shakirabrown.com) for the session, "Future Skill Building: Harness the Power of Coaching & Mentoring Skills to Motivate Your Staff." She will make the case for finance leaders at all levels to serve as mentors and coaches.