Why Should I Pay for Coaching?
...because you'll get your money back and then some
Coaching produced a 529% return on investment for a firm that made a significant investment in coaching. That result increased to 788% ROI when the financial impact of increased employee retention was considered. These results are not from the company's own data, but from a study conducted by MetrixGlobal, LLC, a firm that specializes in performance measurement solutions that increase accountability for bottom-line business results.
Participants in another study of coaching conducted by the Manchester Group reported an average return of 5.7 times the original investment in their coaching initiative.
Executives who were coached reported significant improvements in:
- Working relationships with direct reports (reported by 77&)
- Working relationships with supervisors (reported by 71%)
- Teamwork (reported by 67%)
- Working relationships with peers (reported by 63%)
- Job satisfaction (reported by 61%)
- Productivity (reported by 53%)
- Quality (reported by 48%)
- Organizational strength (reported by 48%)