Some of the benefits of engaging a coach can be seen across a combination of individual, team and organisational factors. These include behavioural change, increased confidence, work satisfaction, clarity of goals, less conflict, better retention of staff, increase in revenues and productivity.
Successful leaders and C-Suite executives understand the value, and ROI, coaching brings to their themselves, their people and their organisation. The role of a coach is to help leaders make better decisions and achieve their business goals. They act as a sounding board, accountability buddy and help leaders understand their own performance and behaviour. The coach works as a partner in helping leaders achieve their goals and overcome their challenges.
According to the ICF, the median ROI of coaching is 7 times.
Therefore, for every $1 an organisation spends on coaching they can expect a return of $7.
This is a median figure from the study conducted by ICF in 2009 revealing returns of between $4 and $8 for every dollar spent, depending on the organsation and industry.
A different report from the ICF in 2014 revealed organisations with a strong coaching culture
experienced a level of 60% highly engaged employees compared to 48% for other organisations. They also experienced 63% higher revenue growth as compared to 45% for other organisations.
Nigel is a member of the ICF 'International Coaching Federation) the workdwide organisation for coaching.
You need a business coach with business acumen and also experience working within the C-Suite space.
Nigel has worked with C-Suite executives in across three continents including countries such as the US, Canada UK and Australia.
