According
to an International Coach Federation survey, clients typically seek help with
time management (81%); career guidance (74%) and business advice (74%). The
benefits extend to self-awareness (68%); smarter goal setting (62%); a more
balanced life (62%); reduced stress levels (57%); and more self-confidence
(52%).
More
about business & executive coaching:
From Psychology Today 2004: "Employees
at Nortel Networks estimate that their coaching programs earned the company a
529 percent "return on investment and significant intangible benefits to
the business," according to calculations prepared by Merrill C. Anderson, a
professor of clinical education at Drake University."
In
one 2004 study, executive coaching at Booz Allen Hamilton, the business
consultants firm, returned $7.90 for every $1 the firm spent on coaching. ~ MetrixGlobal LLC, 2004
A Manchester survey of
140 companies shows nine in 10 executives believe coaching to be worth their
time and dollars. The average return was more than $5 for each $1 spent.
A study featured in Public Personnel Management Journal
reports that managers (31) that underwent a managerial training program showed
an increased productivity of 22.4%. However, a second group was provided
coaching following the training process and their productivity increased by 88%.
Research does demonstrate that one-on-one executive coaching is of value. ~ F. Turner, Ph.D. CEO Refresher
Kodak has initiated a coaching program focusing on employee
productivity and retention for a 1,000 employee unit. The coaching results
obtained to-date confirm double-digit productivity increases.
~ Society for
HR Management, 2003
Results of a coaching poll of mostly FORTUNE 1000 companies:
The respondents were executives from large companies who had participated in coaching
programs to improve their mental capacities. "The survey demonstrated that
the participants valued the coaching at 6X the cost paid by their company.
So, an $18,000 program investment generated value at approximately $108,000. -Fortune Magazine (Fortune 2/19/03)
“Participants stated that the coaching helped them shorten the
sales cycle, generate more opportunities and grow bigger deals. Sales
managers and account executives unanimously agreed that the program made a
significant difference. The overall results were tremendous compared to the
program costs. The results have been rolled out globally and additional programs
have been conducted since then.” - Ute
Kueffner, 2005
“Our findings suggest that structured coaching sessions with
multisource feedback are a winning combination to change managerial behaviors
toward more effective interactions, especially from the boss and direct report
perspective. These results, and the
structures needed to implement them, are within the reach of any organization
willing to dedicate the time and resources willing to develop the managers.”
Denison Consulting LLC, 2009
The executive women felt they
were better managers and leaders as a direct result of participating in
executive coaching, and that their interpersonal communications had improved.
They have also seen improvement in their professional relationships and
productivity, and many of them felt that they were more goal-oriented. -Executive
Coaching Impacts Job Performance, Jillian Starman PhD, 2007
