Tuesday 08 Mar 2022 Article
The TakeawayA Statistical Insight into the Value of Coaching
A Four-step Framework to Coach People to Their Potential
#Framework #PeopleDevelopment #Coaching
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Register for free!A Statistical Insight into the Value of Coaching
“Workplace coaching unlocks the potential of the coachee. Coaching is a facilitative approach, in which the coach enables future self-directed learning and development” Passmore & Lai 2019)
As the common saying goes, “give a man a fish, and he’ll eat for a day. Teach a man to fish, and he’ll eat for a lifetime.”
Coaching typically happens over a set period of time, but it produces timeless benefits and results. When done well, coaching helps the individual discover and use what they already know, helping them learn for themselves and untap their true potential.
But what do the statistics say? What is the numerical value of coaching?
Improved Performance
One of the main benefits of coaching is undoubtedly improved performance at work:
- Over 70% of individuals who receive coaching benefited from improved work performance, relationships and more effective communication skills.
- Average performance levels increase by 17% in employees who receive dedicated executive coaching
High Return on Investment
CIPD reports show that 51% of companies consider coaching a crucial part of their business - this doesn’t come as a surprise when research suggests that coaching produces around a 788% return on investment, demonstrating just how valuable and worthwhile it is.
Personal Development Benefits
Coaching not only improves work performance but also:
- 80% of coachees see an improvement in their self-confidence
- 72% see improved communication skills
- 57% see improved time management
Organisational Impact
Coaching also has direct benefits to the organisation as well as individuals:
- 93% of organisations report significantly less turnover when they offer coaching to employees
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And When Combined with Training…
Leadership expert, Francois Coetzee, reports that the effectiveness of company training programmes can increase from 22% to 88% when supported by coaching.
As the statistics show, coaching is a well-worthwhile investment into your workforce and organisation.
A Four-step Framework to Coach People to Their Potential
If you’re looking to introduce coaching in your organisation or add structure to the way you currently do it, have you signed up yet for our ‘A Four-step Framework to Coach People to Their Potential’ webinar at 10:30am on Thursday 10th March 2022?
This free webinar will define what coaching is and provide you with a simple-to-use coaching framework you can use to nurture a more empowered and motivated workforce.
You can sign up to this free webinar here.
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Until next time...
[Free Webinar] A Four-step Framework to Coach People to Their Potential
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Register for free!