The Great Resignation: Retain Your Talent With Professional Coaching
Where Have All the Workers Gone?
Job growth is strong. Unemployment is at its lowest level in decades. And yet, companies are scrambling to find, hire, and retain talent. Roles go unfilled. Those that are filled come at a high price.
From a worker’s perspective, it’s a buyer’s market. From an employer’s perspective, it’s the Great Resignation.
Quitting Is at an All-Time High
People are quitting in numbers not seen in over 20 years, according to the U.S. Bureau of Labor Statistics (BLS). The BLS defines a "quit" as someone who voluntarily leaves their job—excluding retirees or transfers.
The aptly named JOLTS report (Job Openings and Labor Turnover Survey) puts the current quit rate at 3.0%. That may not seem high, but it's statistically significant. The quit rate has only been higher twice in the past 70+ years—briefly in the late 1960s and mid-1970s.
In July 2022 alone, 4.2 million people quit their jobs. Industries with higher pay tend to retain employees better, but quit rates have risen across all sectors.
Why People Quit
It’s tempting to attribute this to the pandemic, but according to the Pew Research Center, fewer than a third of people cited the pandemic as their reason for quitting.
Most left because of low pay, lack of advancement opportunities, or feeling disrespected at work. Other reasons included childcare challenges, inflexible hours, and poor benefits.
PwC’s Global Workforce Hopes and Fears Survey found that 20% of workers planned to quit in 2022, with nearly three-quarters citing pay as the primary reason. Workplace fulfillment was another key factor.
While burnout may not be the main cause, many workers felt it was simply time to “get out.” The pandemic opened people’s eyes to new ways of working. Remote work gave them freedom and flexibility—plus, many discovered they were more productive at home. Six out of ten people said they accomplished more working remotely than they expected.
Why People Stay
Today’s workforce is looking for meaningful work in environments where they can be their authentic selves. They want employers who care about their well-being, support creativity, and foster innovation.
While compensation and fulfillment are key, at least half of workers also seek flexibility, according to PwC. Fortunately, remote work is here to stay. On average, employees work remotely 2.4 days per week.
Remote work is most common in information, finance, and professional services. On the other hand, employees in transportation, hospitality, food service, and retail—whose roles are mostly on-site—have fewer remote options. After all, you can’t drive a truck from your living room.
Fight the Great Resignation with Professional Coaching
Quitting and staying are two sides of the same coin. The main reasons for both center around compensation, workplace fulfillment, and flexibility.
The good news? Companies are adapting. According to Pew, over half of those who switched jobs felt their new role was an improvement—with better pay, more advancement opportunities, and improved work-life balance. But “half” isn’t “all.” There’s still a long way to go.
As companies embrace the new normal, digital coaching offers a powerful way to retain top talent. It’s personalized, scalable, measurable—and growing fast. According to the 2020 ICF Global Coaching Study, the number of managers using coaching skills has increased by 46%.
Here’s how digital coaching boosts workplace fulfillment and supports success in remote and hybrid environments:
Digital Coaching for Workplace Fulfillment
Companies that invest in mental health and well-being create more fulfilling work environments. Well-being coaching supports personalized talent retention plans that go beyond job skills—treating employees as whole people, not just human capital.
Coaches help reduce stress, enhance emotional well-being, and foster a sense of purpose. Our research shows that:
- 9 in 10 employees feel a stronger sense of purpose after coaching.
- 8 in 10 report reduced stress levels.
This kind of support helps prevent burnout. And it works for managers too. Coaching leaders to understand and nurture well-being has major business benefits. Positive emotions lead to higher engagement and productivity.
Consider these stats:
- Companies with highly engaged workforces see 4x higher earnings growth.
- Those that prioritize mental health have 4x greater profits.
- Organizations focused on well-being report 20% higher productivity and innovation.
Digital Coaching for Remote and Hybrid Environments
Shifting to a hybrid or fully remote workplace is a major culture shift. Digital coaching offers a long-term, tailored approach to support that transformation.
Coaches help teams and leaders develop the soft skills needed to collaborate, communicate, and innovate from anywhere. In fact, 85% of top managers who receive coaching outperform peers in soft skills.
As Maude Rogers, Global Culture Manager at Payfit, explains:
“Our entire company switched to a 100% teleworking model. This had a major impact on collaboration, particularly for managers. Loneliness, anxiety, and remote team management directly affected some of our employees and managers. We had to find solutions to help them. Individual support through coaching was the best solution to adapt to their individual needs.”
Explore more about how digital coaching helps companies retain talent in the face of the Great Resignation.
FAQ
At CoachHub, we believe in the power of aligning individual growth with organisational objectives. Our dedicated coaches work closely with coachees to ensure that their growth plans are directly linked to your company's overarching goals. This includes addressing specific leadership development needs within different departments or teams, and recognising that each area may have unique challenges and requirements.
To achieve this alignment, we collaborate closely with our clients and their senior leaders, taking the time to understand their organisation's specific challenges, objectives, and organisational culture well. By gaining deep insights into your company's dynamics, we can tailor coaching plans that address the specific needs of different teams and individuals.
Our approach is highly customised and adaptable. We recognise that each coachee has unique requirements, and we leverage our expertise to develop coaching plans that are relevant and effective for all participants, regardless of their role or level within the organisation. Whether it's helping to develop leaders, retain talent, improve leadership skills of middle management, or support C-suite executives, our coaching programs are designed to cater to diverse needs and ensure maximum impact.
By aligning growth plans with your company's objectives, we create a cohesive approach that enhances overall organisational success. Our coaches help coachees identify areas for improvement, set meaningful goals, and develop actionable strategies to bridge the gap between their current competencies and the desired leadership abilities. This alignment not only facilitates personal and professional growth but also contributes to the long-term success of your organisation.
With CoachHub, you can be confident that our coaching programs are tailored to address the specific leadership development efforts within your organisation. By collaborating closely with our clients, we ensure that our coaching plans are relevant, effective, and aligned with your company's objectives, driving growth and excellence across all departments and levels.
At CoachHub, we understand the importance of scalability when it comes to your leadership development program. That's why our programs are thoughtfully designed to accommodate a large number of participants simultaneously, ensuring that organisations of all sizes can benefit from our services. Whether you have a small team or a global workforce, our coaching platform is equipped to handle the scale.
With our advanced digital coaching platform, we bring high-quality coaching directly to employees all over the world. The beauty of our online sessions is that participants can access them from anywhere, at any time. This flexibility empowers employees to engage in coaching without geographical constraints or time zone limitations. Whether they're working from home, travelling for business, or stationed in a different country, our platform ensures that they can easily connect with their coach and participate in sessions at their convenience.
The digital nature of our coaching platform also means that participants can enjoy a consistent and seamless coaching experience, regardless of their location. Through video calls, instant messaging, and other interactive tools, our platform fosters a sense of connection and engagement between the coaches and participants. This virtual environment not only saves time and resources but also allows for regular and ongoing coaching support without the need for in-person meetings.
By leveraging the power of technology, our scalable coaching programs break down barriers and provide accessible coaching solutions to organisations and individuals around the globe. Whether it's a small team or a multinational corporation, our platform ensures that every participant can benefit from high-quality coaching, anytime and anywhere.
Absolutely! CoachHub's leadership development program is designed to seamlessly integrate with your existing talent development and performance management initiatives. We understand that every company has its own unique needs and goals, and that's why our coaching sessions are completely tailored to meet those requirements. Whether you're looking to strengthen leadership skills, foster personal growth, or achieve organisational success, our program aligns perfectly with your company's specific objectives.
By customising our coaching sessions, we ensure that each individual receives the guidance and support they need to thrive. We take the time to understand their strengths, challenges, and aspirations, and then craft a coaching experience that caters to their personal growth journey. This way, we can provide targeted development opportunities that directly contribute to their success within your organisation.
When you integrate our program with your leadership development efforts and performance management initiatives, you create a powerful synergy. Our tailored approach complements and reinforces your existing efforts, allowing you to build a comprehensive framework for maximising the potential of your workforce. Together, we can create an environment where employees are motivated, empowered, and equipped with the skills they need to excel.
So, rest assured that with CoachHub's leadership development program, you can easily integrate coaching into your existing initiatives and achieve remarkable results that align with your company's requirements.
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