High Potential Coaching Built Million Dollar Savings
Aug 01, 2023Several years ago I had the opportunity to coach an Executive looking for her next role within her company. She was clearly talented, but seeking a role that was outside of her skill set by the read of her resume. We worked together to help her build her network internally with key stakeholders and decision makers. Then on her own she spent time studying blogs, books, and free courses to fill the gap in her skill set.
In just a few months she had built the network and given herself enough knowledge to have opinions in her targeted realm. When a role came available she was already connected to the key decision makers and had built levels of trust that made it an easy choice for her to stretch into a role that fit her hopes and dreams.
Personally she earned a significant title change and salary increase. Her total compensation increased by over 30%. But the value she brought to the company was well worth the investment in her net worth and in the coaching that helped her get ready. She moved into a span of control of almost 2,000 people and improved retention and customer satisfaction for the call center she managed. The company started to direct more calls through her site and worked to replicate the approach she used to create the culture in her location.
The cost to replace talents ranges from 2x-10x their annual salary. The few percentage points that she shaved off of their voluntary turnover by creating the right culture created over a million dollars of value or more for the company each year.
The summits of success:
- Build the right network and show them your value
- Demonstrate your own ability to learn new things
- Find the right help to guide you along the way
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