The Bottom-Line Value of Coaching and Mentoring in the Business World

What you should know before you engage

In a hypercompetitive world where professionals are all in the rat race to beat their peers to the next big position, for a salary bump or for a handsome bonus, organizations find coaching and mentoring an important part of professional development for their employees. We have found that there are two types of managers; 1) those who believe in coaching and 2) those who do not. However, the ones who do not believe in the importance of coaching or mentoring their employees are not necessarily bad — they just feel it is better to learn by making mistakes so it is truly a learning experience for you.

A crucial article by Harvard Business Review (HBR) titled, “4 Reasons Managers Should Spend More Time Coaching” suggests that coaching and mentoring is one of the most important tools in the managerial tool kit and it essentially can make the manager stand out from the rest. A manager may not be a professional coach or mentor but generally has a lot to offer in terms of teaching their employees. These topics include how things are done, or how to manage crises and how to make decisions after weighing the pros and cons of the circumstances.

Managers already have a lot on their plate — they have to supervise their team…