Executive Coaching – A Remarkable Return on Investment!
At PeopleServe, we love working with our Human Resource Management partners to help them maximize their greatest assets: their employees.
Retaining top talent and getting maximum efficiency and effectiveness from leaders within your organization is important, and there’s no greater return on investment than Executive Coaching. We’re passionate about working with talented executives and it’s remarkable to watch the personal and professional development that occurs in our coaching partnerships.
Executive Coaching – Breaking barriers
Executive coaching is a well-studied discipline, and has been statistically proven to be an impactful exercise that results in, among other things:
- Increased productivity
- Job performance quality improvements
- Strengthened organizational environment
- Better customer service and a reduction in customer complaints
- Retention: executives who received coaching stay longer!
- Cost reductions
- Increased, bottom-line profitability
“HRM still often see Coaching as a cost, when in fact it actually offers amazingly high ROI”
Study after study conclude that conducting Executive Coaching offers a significant return on Investment. A MetrixGlobal LLC, study revealed that organizations received, on average, a return of $7.90 for every $1 invested in executive coaching, with one Fortune 500 company reporting a 529% return on investment! This doesn’t take into account significant other benefits. Confirming this data, a Manchester Inc. studied 100 executives and found that coaching provided return on investment averaging almost six times the cost.
“…But we already invest so much in our employees”
Training is essential and we’re aware HR Departments and Management spend a great deal of time and resources making sure employees are trained for their jobs, but an internal report published by the Personnel Management Association shows training, combined with coaching, increases an executive’s productivity by an average of 86% compared to 22% with training alone.
Contact us for more information about Executive Coaching and how it can work to improve employee-development HRM initiatives.