Studies have shown that regular feedback and coaching reduce turnover in companies, and their staff are more engaged when they receive regular feedback.  It is estimated that coaching can increase overall business performance by 70%, team effectiveness by 51%, and 72% of people coached regularly have improved their communication skills. 

Coaching helps us think for ourselves. And if you are a leader, it gives more time back to you. You'll often find that the more you ask questions of your team, the more they'll find answers on their own.  

It is important to ask questions, not to give answers. This enables you as a leader, to empower others and get the time back to do the things that matter. 

The following tips and strategies will help you coach effectively: 

By coaching and giving your team feedback, you are helping them improve their skills and help them achieve professional and personal goals.  

Don't wait until the end of a quarter or a month to celebrate wins, do so every day. Celebrate the individual and collective successes of your team members, and share best practices as a team. Create that healthy environment where your team can give and receive feedback regularly.