ROI of Coaching
You perhaps have heard people say, “Well, what would be the ROI (Return on Investment) if we decide to go ahead with this?” Many organizational leaders, from the C-suite to the department head have expressed suspicion about the efficacy of “the fad du jour,” coaching. It is not a fad, and those who have benefitted from working with a skillful and well-trained Professional Coach cannot say enough good (seemingly) about the benefits of the work and the difference it has made in their lives.
From parenting, to partnering, to leading a team, to solving an interpersonal professional or personal conundrum, to making a career focused decision, coaching – Professional Coaching – has supported many a client to and through life-altering realization and transformation. Below is a small portion of an article conducting a deep dive into the ROI of coaching. Read it carefully and call us, if it piques your interest and/or you want to explore how it might work in your life or setting.
Tim Morin, CFO for WJM Associates, notes that venture capitalists often claim that they primarily “invest in management.” Yet, Gallup’s research continues to report the abysmal organizational stats in employee engagement. We can celebrate that it’s not as bad as it once was (34% of US workers are currently “Engaged,” and the “Actively Disengaged” category is down by 13%), but there’s still progress to be made (in Harter, August 2018, Economy). While there may be many reasons for such a gap in employee engagement, an executive leader’s role in creating the right environment for people to excel in doing what they do best every day is crucial. Creating awareness around how leadership behaviors impact others and then operationalizing that understanding into tangible results can help a leader (and, in turn, the company) make considerable strides in the right direction.
The ROI of Business Coaching: Executive Coaching ROI Statistics (2024 Updated) – Cathy McCullough
