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A Coaching Power Tool By Renae Waneka, Leadership and Business Coach, UNITED STATES Lack-of-Confidence vs. Courage Professional women want careergrowth and opportunities. However, research suggests that a perceived lack of confidence is one factor inhibiting careergrowth for women (Baker & Bourke, 2022)(Goebig, 2022).
Lack of Career Development. Often employees are not content with their career path. Lack of proper training and development programs hinder their careergrowth. It is an organization’s responsibility to show them the path where they can use these skills and give their career a direction. Compensation.
The good news is that the share of females in this domain has increased since 2016, but there is still a long way to go, as statistics show that the industry has only 14% females in the workforce. Limited access to training Having access to training is a critical component of careergrowth.
Employee Retention Factor #2: Lack of Career Development. Often employees are not content with their career path. Lack of proper training and development programs hinder their careergrowth. It is an organization’s responsibility to show them the path where they can use these skills and give their career a direction.
For example, The Wells Fargo scandal resulted in a $185 million fine by the Consumer Financial Protection Bureau (CFPB) in 2016. This eNPS-based gathers employee feedback on the work environment, leadership, careergrowth, and communication. It, in turn, helps them take action to address them.
We can claim that Airbnb has done well in this area since they were named first on Glassdoor's "Best Workplaces in 2016" list. Lack of careergrowth. Make sure the rewards are equitable and distributed fairly across the organization. It only resulted in a powerful and terrific work culture. Procrastination.
Ernst and Young reported that it costs them, on average, 150% of an employee’s salary to rehire for the same role (Siegel Bernard, 2016). Turner (2020) states that companies that implement maternity coaching have the opportunity to add to societal shifts by reducing the gender pay gap and supporting women’s careergrowth.
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