Return on Investment (ROI)
Do you ever wonder about the effectiveness of career coaching? Coaching is a relatively new industry, however, it's effectiveness has been proven time and again. Below is a sample of coaching statistics.
According to the Hay Group, between 25% and 40% of Fortune 500 companies use executive coaches.
A Metrix Global Study of a Fortune 500 company determined that coaching produced a return on investment (ROI) of 529%.
Manchester, Inc. study reported a return of $6 for every dollar spent on coaching. Improvement was made in bottom-line profitability, productivity, quality, organizational strength, customer service, reducing company complaints, retaining executives, and cost reductions.
The International Coach Federation reported that individuals
experience the following outcomes as a result of working with a coach:
Increased self-awareness 67%
Lower stress levels 57%
Setting better goals 62%
Self-discovery 53%
More balanced life 60%
Self-confidence 52%
Studies have shown that training, when combined with coaching, increases productivity by 86%, as opposed to a 22% increase with training alone.