In this article, you will know the various benefits of leadership development coaching and also how these leaders enhance your business productivity and create a new brand image. For more reference, you can also visit our official website www.epiphanyprofessional.com/leadershipcoachingconsulting.
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It is much cheaper to develop, coach, and promote internal employees to leadership positions.b Advertising, recruitment fees, and time spent looking through resumes, interviews with unknowns, relocation, and signing bonuses are all common costs when bringing in someone from the outside.
Research shows that hiring an outsider to replace a manager can be as expensive as replacing the employee who is currently in charge. Some firms believe this to be a conservative estimate as they have seen the cost rise to six times the annual salary.
3. LESS FRUSTRATING
Many managers find the process frustrating and time-consuming when it comes to recruiting. Managers don't hire daily. They are usually not prepared or trained in hiring techniques and interviewing.
4. A WIN-WIN
The organization can win by developing and coaching high-potential employees and key managers in-house. It is embedded within the organization. It helps preserve acquired skills, keeps product knowledge and organizational knowledge, encourages longevity and dedication from your top employees.
5. INVESTMENTS – A HUGE RETURN
It is both a smart and ethical strategy to invest in your best… to make them even more.