Executive, Career, or Business Coaching is a strategic partnership in which the Coach empowers the Client to clarify goals, create action plans, move past obstacles, and achieve what the client chooses. The Executive Coach serves the client with a focus on possibilities and follow-through.
With 40% of Fortune 500 companies and up to 60% of US companies hiring Coaches and seeing a 500% Return on Investment, it is now recognized as one of the most effective tools to enhance results.
Types of Professional Coaching:
Career, Productivity, Interpersonal Skills, Communication, Public Speaking, Leadership, Team Building, Job Search, Work/Life Balance, Transition, Change Management, Writing and Publishing, Results, Motivation, Relocation, Confidence, Entrepreneurship, Small Business, Nonprofit, Corporate Culture, Achievement, Peak Performance, Conflict, Succession Plan, Employee Relations, Staff Development, Morale
A study on the impact of executive coaching by Manchester Inc. showed an average ROI of 5.7 times the initial investment according to executives who estimated the monetary value of the results achieved through coaching*.
Among the benefits to the companies that provided coaching:
- Productivity (reported by 53% of executives)
- Quality (48%)
- Organizational strength (48%)
- Customer service (39%)
- Reducing customer complaints (34%)
- Retaining executives who received coaching (32%)
- Cost reductions (23%)
- Bottom-line profitability (22%)
Among the benefits to executives who received coaching were improved:
- Working relationships with direct reports (reported by 77% of executives)
- Working relationships with immediate supervisors (71%)
- Teamwork (67%)
- Working relationships with peers (63%)
- Job satisfaction (61%)
- Conflict reduction (52%)
- Organizational commitment (44%)
- Working relationships with clients (37%)
*The respondents were executives from large (mostly FORTUNE 1,000) companies who had participated in either "change oriented" coaching, aimed at improving certain behaviors or skills, or "growth oriented" coaching, designed to sharpen overall job performance.
Career fields benefiting from a Coach include:
Executives, Managers, Supervisors, Leaders, and Human Resource Professionals: Because you mentor and coach employees, the new insights to working with each person, communication tools, and process for focused conversations enhances results and the relationship.
The Ivy Business Journal reports that, “Executives and HR managers know coaching is the most potent tool for inducing positive personal change, ensuring better-than-average odds of success and making the change stick for the long term.”