"Executive Coaching with returns a CFO could love"
There is increasing evidence that coaching is one of the most powerful ways developing people and add to bottom line business performance.
A study in Fortune 1000 companies using coaching showed these percentages of exectuives reported the following benefits from the coaching they recieved:
- An increase in productivity by 53%
- Increased customer service by 39%
- Increased retention of senior people by 32%
- Reduction in costs by 23%
- Increased bottom line profitability by 22%
The same survey reported that individuals who recieved coaching saw inprovment in:
- Working relationships with their direct reports
- Working relationships with their managers
- Team-building - reduction in conflict
- Business relationships with clients
(Source: Manchester Review 2001: Vol. 6, 1: and "Executive Coaching - with returns a CFO could love", Fortune Magazine Feburary 19, 2001)
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