Letting the numbers tell the story of the impact of having a good coach to guide your career.
Whether you're seeking out a career or executive coach to work with you 1:1 or you're an organization interested in providing democratized coaching services to your employees, these statistics will help you get a good overview of the ROI of effective coaching.
ACCORDING TO THE 2009 ICF GLOBAL COACHING CLIENT STUDY*
62% of surveyed coaching clients reported increased career opportunities.
80% of coaching clients saw an improvement in their self-esteem/ self-confidence.
70% of coaching clients improved their work performance.
ACCORDING TO A CASE STUDY FOR A FORTUNE 500 FIRM CONDUCTED BY METRIXGLOBAL LLC*
788% was calculated as the business ROI of a Fortune 500 company that invested in coaching for their middle managers and some more senior leaders.
60% of the company respondents identified measurable financial benefits from coaching.
60% of the company respondents identified measurable financial benefits from coaching.
ACCORDING TO A WHITE PAPER BY THE ROI INSTITUTE*
85% of coached managers outperformed their uncoached peers in soft skills. (Ashridge Executive Education, 2019)
250% ROI for companies that invested in employee well-being through professional development [coaching].
(Consumer Financial Protection Bureau)
27% increase in profits for companies that invested in developing their employees' soft skills. (Thinking Integral, 2014)
While the numbers are great, there are so many other benefits that cannot be properly quantified.
From increased employee engagement to employee loyalty on the business side, and increased self-advocacy and career advancement opportunities for individuals.
Interestingly, Prof. Dr. Carsten Schermuly (a psychologist and professor at the SRH Berlin University of Applied Sciences has said, "Even at the lowest estimate of 37% ROI, coaching would be well worth its investment."
Have you ever received professional coaching?
How did it help you?
Let's have a conversation in the comments below.
REFERENCES:
ICF GLOBAL COACHING STUDY, 2009
METRIXGLOBAL LLC CASE STUDY REPORT
ROI INSTITUTE WHITEPAPER
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