Mental health conditions present substantial costs to organisations. More and more organisations are looking to adopt a proactive approach to mental health and wellbeing rather than relying solely on an Employee Assistance Program (EAP) after issues arise.
The Global Council for Happiness and Wellbeing (2019 Policy report) found that there is a compelling business case for promoting worker wellbeing.
Their extensive research demonstrated a positive correlation between employee wellbeing and productivity at both individual and organisational levels. At the organisation level, strong positive links were seen between employee wellbeing and metrics such as customer satisfaction and staff turnover which directly impact profitability.
Furthermore, in a survey conducted by PwC in 2014 it was found that organisations that implement effective actions to create a mentally healthy workplace, on average, can expect a positive return on investment (ROI) of 2.3. That is, for every dollar spent on successfully implementing an appropriate action, there is on average $2.30 in benefits to be gained by the organisation.
In the same report, Leadership Coaching was identified as one of seven key evidence-based mental health actions available to organisations for implementation. The study identified leadership coaching being provided to approximately only 5% of the workforce. Hence there is a large opportunity to proactively address mental health issues in the workplace via coaching.
More recently, in a 2018 survey about wellbeing coaching, Michelle McQuaid found that a small percentage of workplaces were providing wellbeing coaching, and where they did, workers were more likely to be consistently thriving workers. Further, research has found that companies that provide mental health support (EAP) AND wellbeing development improved in both wellbeing and performance.
We also recognise that evidence-based coaching is an integral part of creating a positive workplace culture, improving organisational performance and transferring knowledge gained from training into sustainable change. Our Positive Coaching Solutions include Leadership Coaching and Wellbeing Coaching services. A common approach to Leadership Coaching has been focused on enhanced performance. Our approach has a focus on supporting leader performance and wellbeing eg third generation coaching. In addition, our expertise is in developmental or what’s often referred to as transformational coaching. This type of coaching takes a broader strategic approach, often dealing with issues relating to personal and professional growth. This enables coachees to create a fundamental shift in their capacity to change their thinking, feeling and behaviour and create greater levels of systemic awareness in that systemic change can also be affected positively through the “coaching ripple effect” (O’Connor & Cavanagh, 2013).