Would your organization benefit from Executive Coaching? A survey of 100 executives of Fortune 1000 companies reported corporate benefits such as; improvements to customer service and bottom line results, as well as individual benefits; improved working relationships and increased job satisfaction. Studies estimate an expected ROI of 500 - 600%.
With high ROIs and other inter-personal communication benefits, difficult to quantify but essential to a healthy corporate work environment, it is something to think about and consider for your company. HireQuality provides exceptional consulting services for Executive Coaching. Call us at 705.734.2698 or contact us through our website.
Perth, WA, April 23, 2013
source: PR Wire
"Many studies have been conducted in an attempt to determine a definitive ROI gained from executive coaching. While the studies seek objective data, the process by which the data is captured contains a subjective element. This has made it extremely difficult to quantify the results. Consequently, many observers perceive any attempt to reach a consensus has been invalid due to a faulty model.
However, most studies, no matter what criteria and metrics are employed, arrive at the same conclusion: executive coaching produces an ROI between 500% and 600%. Many different studies have been conducted since 1999, from sources such as Fortune Magazine, Chemistry Business Magazine, the International Coach Federation, and Linkage, Inc. Despite dissimilar methodologies, the studies yielded strikingly similar numbers. They all reported an average ROI between five and seven times the amount of the initial investment.
The study that is still considered to be the definitive study in the field, even today was conducted by MetrixGlobal in 2001. MetrixGlobal surveyed 100 executives of Fortune 1000 companies who had received executive coaching for a period between six months and one year. The survey questioned the executives about a wide range of different metrics concerning the ROI of executive coaching. The executives reported that their companies benefited from improvement in customer service, development of potential successors, improved individual performance, and better bottom line results. The executives also reported individual benefits, citing improvements in their working relationships with direct reports, immediate supervisors, peers, and clients. They also reported improvements in job satisfaction and teamwork.
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Executive coaching helps executives and leaders of large organizations stay on track by providing them with the motivation and strength training of sports coaching.
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Very good article and comments. I believe it is all our jobs to promote the value of coaching and not to get caught up in the victim routines that are so beguiling.
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