Why So Many Companies Are Turning to Business Coaching

Written by Wall Street News on January 13th, 2017. Posted in Business coaching minnesota, Employee conflict resolution minnesota, Employee turnover reduction minnesota

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Employee turnover is a big problem for businesses around the globe. In the United States, it has been estimated that as many as 22% of new hires leave their jobs within 45 days. Other experts report that as many as 2.5 million Americans leave their jobs every month. The majority of the turnover happens within the first year. Human resources experts say that at least 52% happens during that time frame. One thing that seems to be working to keep turnover down is investing in executive coaching has a return of seven times what is spent. Moreover, many executives say they would like some business coaching but at least two thirds never get it