To address widely varying skillsets within key roles, many organizations leverage peer coaching to establish organizational competency norms, work through employee workplace problems and improve employee performance. The impact of peer coaching is powerful, with Bersin reporting that organizations with excellent cultural support for coaching have 13 percent stronger business results. Peer coaching is most prevalently used for new managers to help them adjust to the new challenges of the management role, but can also be applied to develop key individual contributors.
With peer coaching, you can:
The ROI for companies that invest in coaching is 7x the initial investment.
– PWC Global Survey on Coaching
Effective coaching starts with identifying the right coach for your employees’ learning needs from your coaching resource pool. Match coaches and employees using Chronus’ unique MatchIQ® algorithm using criteria such as coach ratings and areas of expertise to automate finding the best match possible.
Engaged employees are interested in developing friendships in the workplace, which positively affects organizational outcomes and company culture.
With 75 percent of millennials believing a mentor is crucial for success, companies are offering mentoring programs to provide career development.
Not every mentoring program needs software, but as your program evolves, you’ll likely encounter mentoring program growing pains that software can soothe.