Leaderful Edge provides thought leadership on bringing out peak performance from already successful executives and business owners.
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Research by Chartered Management Institute and Campaign for Learning –
“Coaching at Work”
Results issued in a press release dated May 16, 2002:
- 80% of executives say they could benefit from coaching and dismiss the suggestion that coaching is just another fad
- 96% of managers think coaching should be available to every employee, regardless of seniority
- 85% of managers say enhancing team morale is the main values of coaching
- 80% of managers say coaching generates responsibility-taking (i.e. leadership development)
Lee Hecht Harrison surveyed 488 Human Resource professionals about coaching:
55% of respondents said that their organization uses coaching as a one-on-one process intended to maximize management and leadership potential
54% do so to change behaviors.
Abundance grows at the rate we develop.
Successful people know that if the quality of their deliberations are good, the outcome of those deliberations are likely to be sound. That’s why movers and shakers hire coaches. One of my European clients has her own coaching firm that specializes in Fortune 500 companies. She partnered with one of those companies to hire an independent study on the return on investment in coaching. The result: 150% ROI.
But that’s nothing, according to MetrixGlobal. Their April, 2004, study found:
- 95% of leaders who were coached made positive behavioral changes.
- 58% said they worked better with peers and team members, which seems low in my experience.
- Leaders who were coached also found positive impact on their quality of consulting and on client satisfaction as well as improvement in their promotion and retention rates.
- According to the 2004 MetrixGlobal Study, the return on investment in coaching: 689%
Here’s their conclusion: