Coaching for Success and Reduced Turnover with Francie Jain

Summary

In this conversation, Gary Marra speaks with Francie Jain, the founder and CEO of Terrawatt, about the critical role of coaching in organizations. They discuss how Terrawatt operates as a B2B coaching marketplace, emphasizing the importance of psychological safety in fostering employee engagement and reducing turnover. Francie shares insights on the measurable outcomes of coaching programs, the necessity of a culture of learning, and practical starting points for organizations looking to implement coaching. The conversation highlights the interconnectedness of employee experience and customer experience, and the need for consistent client experiences across coaching networks.

Takeaways

  • Psychological safety is essential for team success.
  • Coaching should be viewed as a business necessity, not a perk.
  • High turnover rates can be significantly reduced through effective coaching.
  • Customization in coaching programs enhances their effectiveness.
  • Measuring the impact of coaching is crucial for understanding ROI.
  • A culture of learning fosters growth and innovation.
  • Leadership should prioritize psychological safety to encourage open communication.
  • Having a clear North Star simplifies decision-making in organizations.

Chapters

01:00 Introduction to Terrawatt and Coaching Marketplace

02:24 Understanding the Terrawatt Model

04:43 Under-investing in Coaching

07:20 The Costs of Low Psychological Safety

10:42 Reframing Coaching as a Business Necessity

13:12 Measurable Outcomes of Coaching-$32MM Example!

21:12 Starting with Coaching in Organizations

22:40 Understanding Client Needs and Feedback

26:00 Making the Case for Coaching to the C-Suite 

27:20 “Does it Hold Water?”

31:42 Chip Shots

🔗 Connect with Francie:

·       LinkedIn:      https://www.linkedin.com/in/franciejain/

·       Website:      https://terawatt.co/

🔗 Connect with Gary Marra:

·       LinkedIn:                    https://www.linkedin.com/in/gary-marra/

·       Marra CX Hub:           https://marracxhub.com/

·       YouTube:                    YCYS YouTube Page

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