Before you consider working with a coach on any aspect in your life, business, or career you probably ask yourself a series of questions.
As we understand the uncertainty that some people may have about coaching, and what questions they may raise before getting started, I’ll share in this blog some information available from various researches and provided by the Institute for Professional Excellence in Coaching. The information was reformatted for this blog.
Does coaching actually work?
By almost any measure: YES.
In depth studies conducted by the International Coach Federation (ICF the worldwide network that helps set internationally accepted standards for coach training and conduct), reveals the numerous ways in which individuals, their employers, and even coworkers and family, can benefit when one works with a coach.
The person who works with a coach gains a fresh perspective on their personal challenges. That in itself is huge.
How would it be to gain insight into your blind spots?
Respondents say that this self-awareness leads to:
- Improved self-confidence by as much as 80%
- Improved relationships by as much as 73%
- Improved communication skills by as much as 72%
- Improved life/work balance by as much as 67%Is it any wonder then, that along with these, respondents also reported a greater satisfaction with life and work?
How Effective is Coaching Really?
Effectiveness and return on investment (ROI) are primary concerns for organizations that utilize coaching.
Employers not only want to know that they are getting their moneys worth, but also whether coaching is the best option they have for overcoming challenges and improving organizational outcomes.
This keen eye on the bottom line is what makes it quite an endorsement that fully 86% of companies rate their ROI favorably for their investment in coaching (saying that coaching at least paid for itself).
In fact, a broad range of ROI figures for coaching have been reported in research literature. These include estimates of 221% (Phillips, 2007), 545% (McGovern et al., 2001) and 788% (Kampa-Kokesch & Anderson, 2001), with figures of between 500% and 700% commonly reported as being a reliable ROI for executive coaching (Anderson, 2008).
How Specifically Does Coaching Help People?
According to the ICF, those who utilize professional coaching boast that it helps to unlock their potential and build on latent sources of productivity, resulting in:
- Improved work performance by as much as 70%
- Improved business management by as much as 61%
- Improved time management by as much as 57%
- Improved team effectiveness by as much as 51%These organizational impacts are in addition to the personal benefits discussed above. This helps explain why coaching continues to grow and expand as a field of interest, as a service in high demand by individuals and organizations, and as a profession.
How likely are people to continue with coaching or recommend it to others?
The real measure of satisfaction for coaching clients is how they perceive the experience themselves. By this measure, coaching is profoundly beneficial in the eyes of companies and individuals who hire a coach:
- ‘Somewhat’ or ‘very satisfied’ with the overall experience reported by 99%
- Over 95 % would repeat the process
Clients often continue with coaching as long as they remain satisfied with their progress and enjoy the benefits of the relationship.
What sets coaching apart from consulting?
It truly is a partnership rather than a transaction. Instead of working to solve just one set of problems, the coach helps the client navigate the totality of their personal and/or professional world.
If you would like to determine whether our coaching programs answer your specific needs, please contact our offices at (732)385-1522 and we’ll assess it together. We look forward to partner with you to help you make a difference in your organization.