Executive coaching can produce a 788% ROI
A Fortune 500 company studied the ROI of executive coaching. 77% of respondents indicated that coaching had a significant impact on at least one of nine business measures. In addition, they uncovered that overall productivity and employee satisfaction were the most positively impacted areas. Their study concluded that executive coaching produced a 788% ROI. The study noted that excluding the benefits from employee retention, a 529% ROI was produced. (Executive Briefing: Case Study on the ROI of Executive Coaching, Merrill C. Anderson, Ph.D., MetrixGlobal, LLC)
Leadership, management and executive coaching is a powerful tool for change. According to the International Coaching Federation (ICF), 86% of organizations saw an ROI on their coaching engagements, and 96% of those who had an Executive Coach said they would repeat the process again.
Our coaches specialise in supporting your goals, vision and outcomes and understand and the unique challenges faced by leading in today’s fast-paced environment. With a depth of experience around the choices, decisions and behaviours required from your role, they will use a process of introspection, stretch and self-reflection to help you achieve tangible results and incremental gains.
Some of the benefits include:
- Improved executive productivity (reported by 53% of executives)
- Improvements in organizational strengths (48%)
- Gains in customer service (39%)
- Increased retention of executives (32%)
- Enhanced direct report/supervisor relationships (>70%)
- Improved teamwork (67%)
- Improved peer-to-peer working relationships (63%)
- Great job satisfaction (52%)
Some of the challenges we have been asked to support with are:
- Work/life balance, especially when working from home. This includes how to avoid burnout, strategies for being more effective in terms of prioritisation, pacing, energy, time management, coping with stress and building greater resilience.
- Resolving conflict. We can help you prepare and plan for difficult conversations and challenging relationships to help you get the most from your team and stakeholders.
- Self-confidence and imposter syndrome. Our management and executive coaches will help increase self-awareness, boost confidence in every area of your life and can illuminate your trajectory and the value built in to it, something coachees are often not conscious of.
- We also have demand for: Leading during times of change, working with uncertainty and ambiguity, decision making, influence, succession planning and team development, delegation, leading high performing teams (with or without formal authority), strategic thinking and problem solving, and career development.
A study by talent consultancy Korn Ferry of more than 200 of its executive coaches around the world found that senior leaders most need to work on their self-awareness and interpersonal relationships. Furthermore, there has been a clear increase in demand. “In the past five to seven years, I’ve seen a spike in senior leaders receiving executive coaching amongst a broader range of organizations throughout the country,” says Joshua Miller, global leadership development and coaching professional at JHM Executive Coaching.
Book your coaching sessions and begin making a greater impact today.