{"id":33,"date":"2013-11-23T23:01:06","date_gmt":"2013-11-23T23:01:06","guid":{"rendered":"http:\/\/www.johnfcaplin.com\/?page_id=33"},"modified":"2013-11-23T23:31:43","modified_gmt":"2013-11-23T23:31:43","slug":"what-are-the-benefits-of-executive-coaching","status":"publish","type":"page","link":"http:\/\/www.johnfcaplin.com\/?page_id=33","title":{"rendered":"what are the benefits of executive coaching?"},"content":{"rendered":"

They are as diverse as the people that are coached. That being said, a team of executive coaches from Royal Roads Coaching found that coaching “helps individuals learn and “habitualize” skills, approaches, and\/or ways of thinking that are specific to their own development opportunities, goals and needs.<\/p>\n

As a result of coaching, individuals have:<\/h2>\n
    \n
  1. Gained a broader perspective or range of options for addressing business issues<\/li>\n
  2. Increased their business contribution by maximizing their strengths and compensating for any gaps in their skills<\/li>\n
  3. Improved the effectiveness and results of their teams<\/li>\n
  4. Gained confidence<\/li>\n
  5. Recognized and moved past obstacles<\/li>\n
  6. Developed their strategic capabilities<\/li>\n
  7. Become more effective leaders by gaining insight and clarity to make more objective, thoughtful and confident decisions<\/li>\n
  8. Clarified their priorities and remained focused on them<\/li>\n
  9. Developed a renewed motivation for accomplishing their objectives<\/li>\n
  10. Realized their opportunities for making a positive business impact”<\/li>\n<\/ol>\n

    ROI:<\/h2>\n

    Anyone considering coaching for their organization will want to consider its’ return on investment (ROI). Below is a short overview of the literature in regards to Coaching ROI.<\/p>\n

      \n
    1. Increased Effectiveness 529% ROI (financial benefits from employee retention boosted this to 788% times ROI) – Merrill C. Anderson, Metrix Global, 2001 (http:\/\/www.metrixglobal.net\/images\/pdfs\/metrixglobal_coaching_roi_briefing.pdf<\/a>)<\/li>\n
    2. “Asked for a conservative estimate of the monetary payoff from the coaching they got, these managers described an average return of more than $100,000, or about six times what the coaching had cost…” – Fortune magazine (2\/19\/ 2001)<\/li>\n
    3. 689% return – INDUSTRIAL AND COMMERCIAL TRAINING VOL. 38 NO. 3 2006, pp. 122-127<\/li>\n<\/ol>\n

      Vernita Parker-Wilkins in\u00a0Industrial and Commercial Training<\/em>\u00a0Vol. 38 No. 3 lists the results of research into coaching benefits.<\/p>\n

      The findings went as follows, senior leaders reported one or more of the eight business areas were impacted by their coaching experience:<\/p>\n

        \n
      1. Improved team work was cited by 58 percent of the leaders as having been impacted by through coaching.<\/li>\n
      2. Team member satisfaction was identified by 54 percent of the leaders as being influenced by what they did differently as a result of their coaching experiences<\/li>\n
      3. Increased retention was cited by 31 percent of the leaders as a consequence of their coaching<\/li>\n
      4. Increased productivity was cited by 31 percent of the leaders as a business outcome from their coaching<\/li>\n
      5. Increased quality of consulting was cited by 31 percent of the leaders.<\/li>\n
      6. Accelerated promotions were cited by 19 percent of the leaders.<\/li>\n
      7. Satisfaction was mentioned by 12 percent as a coaching benefit<\/li>\n
      8. Increased diversity (4 percent) rounded out the list of eight benefits.<\/li>\n<\/ol>\n

        (Vernita Parker-Wilkins. 2006\u00a0Business impact of executive coaching:demonstrating monetary value,. Industrial and Commercial Training<\/em>\u00a0Vol. 38 No. 3 Page 125\/126)<\/p>\n","protected":false},"excerpt":{"rendered":"

        They are as diverse as the people that are coached. That being said, a team of executive coaches from Royal Roads Coaching found that coaching “helps individuals learn and “habitualize” skills, approaches, and\/or ways of thinking that are specific to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/pages\/33"}],"collection":[{"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33"}],"version-history":[{"count":2,"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/pages\/33\/revisions"}],"predecessor-version":[{"id":83,"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=\/wp\/v2\/pages\/33\/revisions\/83"}],"wp:attachment":[{"href":"http:\/\/www.johnfcaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}