The ROI of Executive Coaching and Workforce Training

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Benefits to Companies

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Companies can reap substantial rewards from executive coaching and employee training programs including:

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• Increased productivity

• Reduced turnover

• Attracting top talent

• Improved employee engagement 

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These effects in turn often lead to more revenue, higher profitability, and greater customer satisfaction and retention.

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Productivity gains are particularly important. One study found that training increased productivity by 22%, while executive coaching improved it by 88%.

 

According to the International Coaching Federation (ICF), executive coaching can result in a:

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• 70% increase in individual performance

• 50% increase in team performance

• 48% increase in organizational performance.

 

Benefits to Managers and Employees

 

Managers and employees who receive coaching and training typically report higher job satisfaction and improved work performance. They also tend to feel more strongly invested in and engaged with the company.

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Training gives managers and employees the skills they need to be more effective in their jobs and the opportunity to advance in their career.

 

Executive coaching teaches managers how to be stronger leaders, including helping them make better decisions; attract, retain and motivate employees; and address business challenges.

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Importantly, when managers provide coaching and training to those below them, they are viewed more favorably by senior executives as well as junior managers and staff.

 

By learning both hard and soft skills, including communication, leadership, emotional intelligence, and stress management, managers and employees are more likely to be successful and satisfied with their jobs and work-life balance.

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