The growing popularity of coaching in business has led to some important advancements in coaching research and Return On Investment studies. Companies are evaluating the results of their coaching initiatives and industry leaders for coach training and accreditation are compiling data that clearly points to the advantages of coaching in today’s competitive and rapidly changing, economy. Noteworthy numbers include the following:
A study of Fortune 100 executives found that coaching resulted in an ROI of almost six times the program cost as well as a
· 77% improvement in relationships
· 67% improvement in teamwork
· 61% improvement in job satisfaction
· 48% improvement in quality
(Manchester Consulting Group)
An International Personnel Management Association survey found that productivity increased by 88 percent when coaching was combined with training (compared to a 22 percent increase with training alone).
A study of a Fortune 500 telecommunications company found that executive coaching resulted in a 529 percent ROI. (MetrixGlobal)
Metropolitan Life Insurance Company found that productivity among salespeople who had participated in an intensive coaching program rose by an average of 35 percent
80% of executives say they think they would benefit from coaching at work.
Staggering facts don’t you think? It might be a good thing to engage in a coaching program. If you are looking for a certified and experienced coach, start with visiting the members directory of the Worldwide Association of Business Coaches (www.wabccoaches.com). Here you will find the best of the best, like me 🙂
Remember: you don’t have to be sick to get better!