Archivio tag: business coach in delhi

Financial Wellness and Employee Well-being: A Strong Foundation for a Healthy Bottom Line

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Recently, the financial stress weighing on employees has taken centre stage, significantly impacting employee well-being.

A series of lockdowns between 2020 and 2022 left 21 million people unemployed, with the income of about 97% of the households declining. Subsequently, geopolitical tensions in Ukraine and Global Macroeconomic Uncertainty has meant that the cost of living has gone up.

Inflation soared to 6.7% last year on the back of huge rises in fuel and food, leaving many households with challenges.

According to a survey by EY, a study showed that 81% of Indian employees faced financial shortfall between pay cycles, and nearly half reported that they were stressed about their finances.

Why does this matter for businesses?

Well, employees grappling with financial insecurity often demonstrate a dip in their productivity, impacting the company’s performance, be it sales, service, process efficiency and profits.

Nearly three-fourths of employees said financial worries had a negative impact on their productivity.

A few organisations have recognised this predicament and pre-emptively given benefits and support through this challenging period.

However, a glaring challenge persists in transparency, especially when it comes to most companies outside a handful.

A majority of employees don’t feel comfortable sharing information about their finances based on a survey.

As we progress into the year, understanding and supporting employee financial wellness is pivotal for thriving workplaces.

By integrating robust financial well-being programs, companies aim to enhance employee well-being, drive productivity, and curtail absenteeism, attrition and related costs.

Visit the recent article posted by a business coach for entrepreneurs highlighting the vital link between financial wellness and employee well-being, stressing the impact of financial stress on productivity. It suggests tailored financial wellness programs and measurement strategies to create a positive work environment and boost overall employee happiness and efficiency.

Business Coaching Growth Stage: A Game-Changer for Businesses

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Coaching has evolved from a luxury to a strategic necessity in the corporate world. Extensive evidence supports this shift, highlighting the remarkable return on investment (ROI) of coaching.
Studies reveal an impressive 529% ROI, along with substantial intangible benefits for businesses. When considering the financial gains associated with employee retention, the ROI skyrockets to an astounding 788%.
A dipstick conducted among 30 participants further validated these findings. Three-quarters of the respondents reported a significant to a very significant impact on at least one of nine key business metrics as a direct result of coaching. 60% of these individuals were able to identify specific financial benefits stemming from their coaching experiences. These compelling statistics underscore the transformative power of coaching in driving positive outcomes for organisations.
Regardless of the growth stage, businesses of all sizes recognize the profound impact of coaching in all stages of business growth.
From fledgling startups to established Fortune 500 firms, coaching has emerged as a game-changer, providing invaluable guidance, support, and strategies that pave the way for sustained success.
Coaching is not just about surviving in the competitive business world—it’s about thriving and achieving remarkable results.
Explore the incredible power of coaching in the corporate world and how it can unlock the potential for success. The recent blog shared by Business Growth Consultant shares insights on how coaching drives professional growth, enhances leadership abilities, and fosters.

What is networking in business?

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In the intricate and ever-changing world of business, there is a crucial, unwavering element which drives success – Networking.

Business Networking is more than just a trendy term. It is the heartbeat of contemporary entrepreneurship. 78% of new ventures have been propelled to prosperity due to networking.

It is a calculated means of gaining a competitive edge, securing almost a quarter more clientele through forging personal connections.

One can view networking as a resource-rich ecosystem waiting to be harnessed.

The importance of networking in business goes beyond customer attraction. It also provides recruitment opportunities and opens doors for increased profits. Additionally, it provides critical industry insights.

Effective networking is a powerful tool that is often overlooked in the business world. Honing networking skills cements your company’s future and heightens your business prowess.

Are you ready to utilize networking and elevate your business to the next level?

Read our full blog to learn more about what is networking in business, its importance and how to Build Strong Relationships in business Networking.

Using DISC for Team Building

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What is the DISC Behavioral Assessment? Is building a high-performing team important?

Yes, it is! It has been recognized as the driving force behind the success of companies, not today but for years. For instance, investors in startups prioritize the team’s quality and the synergy among its members over the business idea itself.

Research shows that the management team’s quality is the most critical non-financial factor in evaluating an IPO, with 1.9 times increased likelihood of achieving above-median financial performance when the top team works collaboratively towards a shared vision. This further highlights the vital role of a superior team in achieving success.

Building a high-performing team is challenging, despite its value. Hiring the best-fit results in a diverse group of energetic, ambitious, and capable individuals who need to work together effectively.

It requires understanding each employee’s mental makeup and actives to help optimize their performance and set up team dynamics.

One helpful approach is to use behavioral assessment tools, such as DISC Profiles, grounded in behavioral psychology. Using DISC for Team Building helps in understanding team dynamics and building a high-performing team.

Team profiling is a powerful tool for building a high-performing team. It offers a detailed understanding of each member’s unique attributes and how they mesh to form a cohesive unit.

It identifies the team’s strengths, areas of effectiveness, and potential growth points. By bringing to light individual differences, it enhances team dynamics and helps make informed managerial decisions.

Visit Us to learn more about what is the DISC Behavioral Assessment and why DISC Profiling is the Key to Building a High-Performing Team!