- Industry report has been published by PushFar and Sheridan Worldwide, predicting the future of mentoring and coaching
- Key focuses include improving Gen Z engagement, as 70% of employees say they would leave their organisation for one that invests in their development and learning
- Team coaching expected to see growth as virtual and hybrid working is here to stay
A new industry report has this week been published, predicting the future of mentoring and coaching in the HR sector.
The joint report, by PushFar and Sheridan Worldwide, details the key differences between mentoring and coaching, along with the top predictions for how each of these will develop in the coming years, and the anticipated challenges they are expected to help businesses overcome.
The report has been released following data that shows that 70% of employees say they would leave their organisation for one that invests in their development and learning[1].
Some of the predictions included in the report are:
- A greater focus on Gen Z engagement – with a 134% increase in this generation switching jobs relative to before the pandemic, compared with a 24% increase in Millennials[2], keeping Gen Z employees engaged is crucial for talent retention. It’s expected that reverse mentoring will be used increasingly by organisations to achieve this.
- The development of team coaching – With teams now working virtually for some or all of the week, it’s become harder to ensure these continue to operate as cohesive units. By embracing team coaching via recent technological advancements, businesses can develop well-trained and highly functioning teams.
- Supporting internationalisation – the pandemic led to new ways of working, which has in turn allowed more organisations to now operate on a fully global scale. But this brings with it challenges in terms of managing onboarding processes, cultural differences and effective communication. Therefore, digital mentoring and coaching will be crucial in overcoming these barriers.
Speaking on the report, Ed Johnson, CEO of PushFar, said:
“Development and learning are becoming ever more valued and important for employees, especially as more and more Gen Z employees enter the workforce and climb their way up the corporate ladder. Organisations both large and small need to make sure they’re meeting these needs, if they’re to retain their talent in the long-term.
“Not just this, as the pandemic has accelerated many businesses’ plans of expanding globally, many are now starting to experience challenges that run hand-in-hand with this – such as effective onboarding processes as well as ensuring productive communication between teams in different locations, time zones, languages and cultures.
“Mentoring is a crucial tool for businesses to help with all of these – from ensuring employees feel more valued, to easing the onboarding process for new starters, and even improving organisational understanding of different cultures – which is why we felt the need to release this white paper in a bid to help companies navigate the new challenges they’re facing.”
Caroline Sheridan, CEO of Sheridan Worldwide, added: “It is no surprise that in some quarters the demand for business coaching is increasing. We have observed a notable increase in the demand for professional coaching services. Recent statistics show a staggering 2,220% rise in searches for ‘business coach’ and a 1,092% increase[3] in searches for ‘executive coach’. This has risen as a direct result of remote working, the war for talent and business restructuring. Technology is further transforming the way we work, learn and interact. It’s also having a significant impact on how coaching is approached and implemented, allowing for access to elevated levels of expertise.
“Team coaching has become more established over the past two years, and will continue to grow in 2023.
“With the advent of virtual coaching platforms, access to expert coaching is no longer restricted to executives and businesses with extensive resources. These innovative approaches enable cost-effective one-to-one coaching for managers and other employees while also paving the way for potential advancements in executive coaching. We are confident that this trend will continue to democratise the provision of coaching and bring it to new heights.”
To find out more or to download the full report visit:
https://www.pushfar.com/mentoring-and-coaching-whitepaper/.
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About PushFar
Late in 2017, Ed Johnson was looking for a mentor but quickly realised that mentoring was not as simple or straightforward as it should be. Believing that finding a mentor or mentee should be simple, and with a background in tech start-ups and online business development, Ed decided to build PushFar – a mentoring platform focused on helping individuals and organisations to ensure mentoring thrived.
Now PushFar is a world-leading, global mentoring platform and mentoring software provider, with hundreds of clients. PushFar runs mentoring programs for businesses, charities, universities, non-profits and membership organisations.
Pushfar was recently listed within the Startups 100 list for 2023. This list showcases the top 100 UK business startups which exhibit innovation, solid financials, opportunity and growth within their market, a great concept and a strong customer base and following.
About Sheridan Worldwide
Founded in 2012 by Caroline Sheridan the business has grown into a global operation with clients and Sheridan faculty in all corners of the world.
Experts in people and organisational change, Sheridan helps organisations drive lasting change by helping their people tap into their brilliance.
Its award-winning work focuses on coaching (leadership, team and technology to support the entire workforce), conflict resolution, wellbeing and inclusion. The highly supportive and knowledgeable team tailor high-quality interventions and bespoke programmes to enable successful, sustained delivery of business and organisational performance.
[1] 26 Employee Development Statistics You Need To Know In 2023 | Zavvy
[2] (9) The Great Reshuffle in 2022: Top Trends to Watch | LinkedIn
[3] https://www.linkedin.com/pulse/2022-coaching-trends-megan-hudson-marketing-and-business-coach/
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