Combined with factors like a surplus of green college graduates, seasoned professionals entering retirement, and talent shortages across many industries, employers use to attract would-be hires.
Dallas, TX (PRWEB) July 10, 2012
While many Americans would argue unemployment is still a burgeoning issue, companies worldwide are relying more and more on executive business coaching to both recruit and retain talented employees. Combined with factors like a surplus of green college graduates, seasoned professionals entering retirement, and talent shortages across many industries, employers use executive business coaching to attract would-be hires with the promise of learning leadership skills instead of just earning a paycheck.
A recent study the Hay Group, an international human resources consulting firm, found that somewhere between 25% and 40% of Fortune 500 companies utilize executive business coaching as a value-added benefit for their employees. While, in the traditional sense, the value of coaching is typically related to increasing profitability, there is an increasing presence of companies who utilize ongoing executive business coaching to enhance employees' sense of well-being and commitment to the company. The reason? According to LeadershipGold4Women's Kristen Sharack, "There are a lot of industries that can get people in the door, but the demands of the job prove too much for long-term retention. Executive business coaching fixes that by empowering people to become leaders, and teaching them to embrace visionary thinking. In a competitive job market following a down economy, candidates want that kind of value from their employer because they want to feel they have a long-term future in their position."
Such is the case in the projected nursing shortage, which is expected to result in approximately 500,000 unfilled nursing positions by 2020. Knowing that stress is a major factor in nurse turnover, many hospitals have turned to executive business coaching to train hospital management in effective leadership. Adds Sharack, "By giving managers the tools to become better leaders, those leaders can directly impact how their nurses handle stress. This, in turn, results in higher quality of patient care, improved nurse retention, and ultimately greater profitability."
LeadershipGold4Women is a Dallas-based national company that provides customized executive business coaching for women. The company was founded on the principle that coaching is an honor not to be taken lightly, and that core value has poured the foundation for a corporate culture of empowering women as leaders. A portion of LG4W's proceeds are donated to nonprofit organizations that benefit women. For more information, contact:
Or visit http://www.leadershipgold4women.com.