Why Use a Coach?
Why do successful people use executive leadership coaching? Quite simply they want extraordinary results and must take some calculated risks to grow. They become accountable to someone other than themselves. A coach can help them by giving them an objective assessment of where they are now and a clear view of the best direction forward. Most importantly executive leadership coaching gives them the discipline and tools they need to be able to get their destination.
Top executive coaches return much more to the individual and company than their fees. Although the industry is still young, there are many studies that prove the payback. For example, here are just a few:
- The Manchester Group measured the return on investment of customized executive coaching for leaders of Fortune 1000 companies. They found that Executive coaching produces a 529% ROI and significant intangible benefits to the business. Including the financial benefits from employee retention boosted the overall ROI to 788%. Executive coaching returns an average of six times the cost of the coaching program.
- In a study published by Personnel Psychology, the authors looked at the effectiveness of the 360 feedback process. When they met with a coach to discuss their feedback, the leaders were much more likely to set specifid goals and achieve them in the year ahead.
- Public Personal Management reseachers found that one-on-on executive coaching positively influenced the traing of training. The study found that training increase managerial productivity by 22.4%, which coaching increased productivity by 88%.
To learn more about executive leadership coaching, call 513-772-5115 or contact us to discuss your needs.
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