WHAT IS THE RETURN ON INVESTMENT (ROI) OF BUSINESS COACHING AND EXECUTIVE COACHING?
Executive coaching is a collaborative partnership focused on helping your leaders and teams reach peak performance, increase their productivity, and develop more effective leadership skills in their workplace resulting in significant corporate growth and profitability. A 2001 research report involving more than 100 executives, mostly from Fortune 1000 companies, found the average company experienced a 600% Return on Investment (ROI) when they provided their executives with 1-on-1 executive coaching and leadership development. The executives reported directly saving or making an average of $100,000 for every $15,000 to $20,000 spent on their coaching, in addition to other intangible benefits such as enhanced morale, improved interpersonal relationships, and a stronger leadership team. A 2002 study of mid-size companies found an average ROI of over 520% for management and leadership coaching initiatives. There is a reason why more and more companies are regularly using executive coaching
