Tag: supportive

How to retain your talent through career coaching

Winning the race for talent – how career coaching can give you the edge 

Job vacancies remain a major concern for businesses in 2024 moving into 2025, with skills shortages continuing to impact multiple industries. According to recent ONS data, job vacancies in the UK stood at 819,000 as of Q1 2024, reflecting the ongoing war for talent.  

In addition, a LinkedIn Workplace Learning Report found that 94% of employees would stay at a company longer if it invested in their career development, reinforcing the importance of career coaching as a retention strategy.  Continue reading “How to retain your talent through career coaching”

Why employee retention is important

In a fast-changing job market with roles harder to fill than ever, it’s no wonder organisations are focusing on why employee retention is important.  

With estimates of the cost of recruiting a new person into a role ranging from £7,000 to more than £22,000, being able to hold on to your people, even for a little bit longer, makes financial sense.  

From a cultural point of view, having a stable group of employees gives you more chance of having an embedded and secure culture than if there’s a constantly revolving door. 

And recent research publicised by the World Economic Forum links employee turnover to decreases in product reliability in the manufacturing sector.   Continue reading “Why employee retention is important”

The benefits of being a mentor

In my last blog (link), we looked at the many benefits that being mentored can bring, from boosting your confidence to enhancing your knowledge and learning. But it’s not just the mentee who can reap the rewards; being a mentor can have positive effects on your own career, too.   Continue reading “The benefits of being a mentor”

The benefits of being mentored

Mentoring has come a long way since the traditional picture of a young upstart being schooled by an older executive. In the modern business world, the concept of mentoring has had to adapt and become more relevant to careers that do not follow a straight line trajectory; it’s a more fluid, less easily defined concept these days, but undoubtedly, when it works well, it can be exceptionally – and mutually – beneficial.  

Built on trust, respect and communication, mentoring is a supportive relationship between two individuals, exchanging and exploring ideas, discussing progress and setting goals for further development.  Continue reading “The benefits of being mentored”