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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:
Studies have shown that training, when combined with coaching, increases
productivity by 86%, as opposed to a 22% increase with training alone.
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