An Coppens CEO of Balanced Exec Ltd in London found the following statistics which are valuable to decision makers in human resource teams of large organisations contemplating on introducing executive coaching.
Noteworthy executive coaching statistics Researched by An Coppens
Survey sample• Research study of Fortune 1000 companies, who had engaged in coaching for performance, skills or change• Most respondents were executives at VP level or higher• 60% aged between 40-49• 1/3 earned $200,000 or more per year• Coaching lasted between 6 months and one year• Source: Manchester Inc.
Executives stated coaching benefits:• 77% Improved working relationships with direct reports• 71% Improved working relationships with immediate supervisors• 67% Improved team work• 63% Improved relationships with peers• 61% Improved job satisfaction• 52% Conflict reduction• 44% Improved organisational commitment• 37% Improved relationships with clients
Organisations gained these benefits• 53% Improved productivity• 48% Improved quality• 48% Improved organisational strength• 39% Improved customer service• 34% Reduction in customer complaints• 32% Retention of executives who received coaching• 23% Cost reduction• 22% Bottom line profitability
Return on investment in coaching• On average $7.90 for every $1 invested in coaching according to Fortune 500 firms in MetrixGlobal Research• One firm in the same research reported a 529% return on investment• A survey of Manchester Inc of 100 executives found found that coaching provided an average return on investment of almost six times the cost of the coaching.
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