July 18, 2018

Why business and executive coaching?

Business and executive coaching can bring several benefits: fresh perspectives on personal challenges, enhanced decision-making skills, greater interpersonal effectiveness, and increased confidence. And, the list goes on.

Those who undertake coaching also can expect appreciable improvement in productivity, satisfaction with life and work, and the attainment of relevant goals.

What are some typical reasons someone might work with a coach?

An individual or team might choose to work with a coach for many reasons.

According to the 2014 International Coach Federation Global Consumer Awareness Study, consumers partner with coaches in order to:

• Optimize individual/team work performance (42 percent)

• Expand career opportunities (33 percent)

• Increase self-esteem/self-confidence (31 percent)

• Improve business management (29 percent)

• Manage work/life balance (27 percent)

Great ROI

Different studies have pointed to Return of Investment in coaching of 5X or more.

A CEO I coached wrote a testimonial saying his return was of 50X of his investment in coaching.

According to the ICF’s Global Coaching Client Study of 2016, the vast majority of companies (86%) say they have had a very positive return on investment on coaching programs. Nearly one in five companies (19%) achieved a return of 50 times their investment, while 28% achieved a return of 10 to 49 times their investment.