Research indicates that as many as 70 percent of U.S. firms still do not have successful talent management or succession planning programs. And yet many authorities continue to warn that, despite the current economic downturn, a war for talent is looming. Indeed, the current economic downturn may in fact create an additional hardship for employers, since it may tempt many managers to take their human talent for granted as unemployment rises. In short, the “r” word (that is, “recession”) may lull some managers into false sense of security as many workers delay their retirements or hunker down to accept extra work at a time when finding new jobs may not be as easy as in boom times.

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You’re a business coach and your coaching relationship has ended. But for some reason your ex-client is still leaving messages on your Facebook wall, emailing with questions, and finding little ways to stay connected. Is this okay?

Of course, it’s quite natural, after spending six, nine, or even 12 months together starting up a business, for your former client to want—and maybe need—to stay connected with you. After all, you’ve been the one she has trusted with her business dream, personal fears, and joyous celebration. Therefore a short transitional period is to be anticipated.

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I wanted to grow my business, but I did not know how to go about it, until a friend mentioned business mentoring and coaching. He explained that business mentoring/coaching would increase productivity in the workplace, increase team unity, decrease feelings of isolation, increase business and personal confidence, and ultimately increase profits, to name but a few of the benefits. I was interested in the benefits as soon as he had told me, but I wasn’t too sure on the term, so I had to resort to a dictionary for an explanation: business mentoring and coaching is “a form of teaching that includes walking alongside the person that is being taught and inviting him or her to learn from the mentor’s example.”

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