The ROI of coaching
- The ROI (Return on Investment) for coaching individuals and teams can vary depending on a variety of factors such as the type of coaching, the goals of the coaching, and the organisation’s specific needs. However, research has shown that coaching can have a positive impact on individual and team performance, leading to measurable improvements in productivity, engagement, and overall effectiveness.
- According to a study by the International Coach Federation (ICF), coaching can lead to improved work performance for 70% of individuals, increased self-confidence for 80%, and a positive return on investment for 86%.
- A study by MetrixGlobal LLC found an average return on investment of 5.7 times the initial investment in coaching, making it a worthwhile investment for companies looking to succeed and grow.
- The Manchester Consulting Group study revealed that coaching can result in an average ROI of 7 times the initial investment, along with improvements in productivity, retention, and overall organisational performance.
- A survey by the Human Capital Institute highlighted coaching as one of the most effective talent development strategies, with 80% of surveyed companies reporting a positive impact on their business.
Coaching and the United Nations Global Goals
Coaching contributes to the achievement of the Sustainable Development Goals (SDGs) by supporting the development of individuals and teams, coaching can enhance learning and skills development, promote gender equality and diversity in the workplace, and support the growth of ethical and responsible leaders. Through coaching, individuals can gain greater self-awareness, develop emotional intelligence, and gain the skills necessary to become effective contributors to the organisation’s success. Overall, coaching can help create a more positive and productive workplace culture, and contribute to the achievement of the SDGs.
