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Benefits of Coaching

Productivity

What are the benefits of coaching? Broadly speaking, coaching tends to lead to higher productivity increased focus, accelerated learning and a more balanced and fulfilling life. Several studies in the business world have confirmed that coaching more than pays for itself in increased productivity. Below are results of several studies that confirm the benefits of coaching.

Return on Investment

A Metrix Global study of Fortune 500 executives found that coaching produced a 788% return on investment. The Manchester Inc. study found an average rate of return on investment of 5.7 times the cost of the coaching.

Key benefits of coaching to the business:

  • Productivity (53%)
  • Quality (48%)
  • Customer Service (39%)
  • Retaining executives (32%)
  • Cost reductions (23%)
  • Bottom line profitability (22%)

Accelerated Learning

Investigating the effect of following up training with coaching, Olivero et al. (1997) found that training with coaching was four times more effective than training alone in increasing performance.

Intangibles

Key Findings
Three top benefits of coaching to the individual:

  1. Improvements to individual performance
  2. Increased openness to development and learning
  3. Help with identifying solutions to specific work issues

Two top benefits to the organization:

  1. Ability to use talent and potential more fully
  2. Higher overall performance and productivity