Benefits July 30, 2004

Executive Coaching Pays Corporate Dividends

July 29, 2004 (PLANSPONSOR.com) - Executive coaching can deliver both tangible and intangible results back to the company helping to pad the bottom line with a formidable Return on Investment (ROI).
Reported by

One hundred executives who participated in coaching programs said executive coaching delivers an ROI of nearly six times the initial cost of coaching. Further, 70% valued the ROI on their coaching at $100,000 or more, while nearly 30% put the ROI between $500,000 and $1 million , according to a release by Right Management Consultants, a career transition and organizational consulting firm.

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Looking past the numbers, executives said the biggest tangible business results their coaching yielded were:

  • improved productivity (53%)
  • better quality work product (48%)
  • greater organizational strength (48%).

From an intangible business standpoint, executives reported:

  • better relationships with their direct reports (77%)
  • better relationships with their supervisors (71%)
  • improved teamwork (67%)
  • better relationships with peers (63%)
  • greater job satisfaction (61%).

Most of the 100 executives who participated in the survey were from Fortune 1000 companies. Half held positions of vice president or higher.

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