Monday, March 25, 2013

Ten ways coaching can help your organization

Posted on Monday, March 25, 2013 by International Coach Federation

The below post was written by ICF Global staff for the Human Capital Institute.

In recent years, professional coaching has shown a significant return on investment for companies. Wondering how it can help your organization? Read on for ten ways.

  1. Coaching can assist organizations with key business goals. Within the coaching partnership, the coach will work with your employees to identify and create clarity around key business goals and establish effective management strategies to ensure goals are met.
  2. Coaching can bolster creativity. A coach will support your employees in confidently pursuing new ideas and alternative solutions with greater resilience and resourcefulness. A coach will encourage fresh perspectives and provide inspiration through the questions they ask during sessions and the actionable goals they co-create with your employees.
  3. Coaching can manage the change that accompanies growth within your organization. Professional coaching is an important modality for managing change—including growth. A coach will help your employees assess current needs, opportunities, and challenges, all while maximizing the potential they already possess.
  4. Coaching can boost productivity and effectiveness. This is especially important if you have employees taking on new or leadership level roles. Coaches are trained to work with clients to inspire them to their personal and professional potential, thus increasing productivity and effectiveness. Within the coach-client relationship, a focus will be placed on learning and clarity for forward action. According to the ICF Global Coaching Client Study 70% of clients reported a positive improvement in work performance.
  5. Coaching can develop communication skills. The ICF Global Coaching Client Study revealed that 72 percent of those being coached noticed an improvement in communication skills. Furthermore, individuals who have engaged in a professional coaching partnership have walked away with fresh perspectives on personal challenges and opportunities, enhanced thinking and decision-making skills, enhanced interpersonal effectiveness, and increased confidence in carrying out chosen work and life roles.
  6. Coaching can help your organization attract and retain talented employees. If you have trouble finding great employees (or getting them to stick around), your organization needs to commit to investing in employee development. Coaching is an ideal way to develop your employees and show your employees you value their development.
  7. Coaching can bring work-life balance into the lives of your employees. An employee experiencing the benefits of a balanced life is a happier employee. And a happier employee is a more productive employee. A coach can work with your employees to discover, clarify, and align with what your employees hope to achieve, including a stable work-life balance. According to the ICF Global Coaching Client Study 67% of coaches saw an improvement in balancing work and life.
  8. Coaching can help your employees thrive. Virtually all companies who hire a coach are satisfied with the outcomes. The ICF Global Coaching Client Study found that 99 percent of coaching clients were “somewhat” or “very satisfied” with their overall coaching experience. And 96 percent of them would repeat the process.
  9. Coaching can help your company flourish despite uncertain economic times. Coaching is a very powerful tool in the face of uncertainty—organizations of all types and sizes have experienced the value professional coaching brings including: increased business performance, improved product quality, higher employee retention and morale, greater employee commitment, leadership development, conflict reduction, team building skills and more.
  10. Coaching can restore self-confidence to organizations hit hard by the recession. Organizations that have experienced workforce reductions through downsizing, restructuring, or a merger place extremely high expectations on the remaining workforce. Restoring self-confidence to face the impending challenges is critical to meet organizational demands. The ICF Global Coaching Client Study shows 80% of those being coaching saw an improvement in their self-confidence.
You’ve seen what coaching can do for your organization. Now we’ll show you the bottom-line.  Coaching offers a significant return on investment (ROI) for companies. The ICF Global Coaching Client Study found that 86 percent of companies made back at least their investment. Of those, 28 percent saw an ROI of 10 to 49 times the investment and 19 percent saw an ROI of 50 times their investment.

Begin your search for an ICF Credentialed coach in the Coach Referral Service at Coachfederation.org.

11 comments:

  1. Goal Alignment - In a typical top-down business approach, lack of goal clarity can hamper the achievement. Often, the numbers are achieved, but not the ideal way ( 'The path or the process is as important as reaching the goal'). If we are able to create the passion, 'enchantment' guaranteed for the employees and thus, customers and all stakeholders.

    The moment the team, at all levels, is passionate about the goal and the process, creativity and innovation is a natural phenomenon. And, innovation need not be a big one, but an incremental improvement may be as valuable for achieving the goal, with 'enchantment'.

    Today many of us blame our organisations for lack of work-life balance. But coaching gives a holistic perspective to life and the employees will see the need for balance in a new light & more importantly, start taking responsibility for same.

    A natural boost to productivity and effectiveness: Acc to ICF Study "70% of clients reported a positive improvement in work performance".

    Regal Unlimited : 'The RoI of Enchantment"

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  2. Great post - thanks for sharing! Small business coaching has a ton of benefits, most importantly, it is most definitely an effective way to help a business grow and prosper!

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  3. Business coaching or executive coaching can help executives and team members to cooperate more effectively by realizing that there is a common goal and everyone should try to improve their part of involvement for the best possible outcome.

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  4. Executive coaching is a highly effective process for leadership development. It typically comprises some combination of contracting, assessment, feedback, action learning and follow-up to ensure sustained success.

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  5. I must appreciate your effort for this great sharing about Executive Education .

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  6. Definitely business and executive coaching helped a lot of people and it has boosted their confidence. In this process the employees realize that they all are working towards a common goal and hence that they have to play their part properly to achieve this goal effectively and efficiently.

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  7. Business coaching makes it possible for team members to identify ways of solving problems to enhance productivity. This process will also encourage team building, which will reduce to possibility of conflict within the organization. Read More

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  8. Executive coaching is certainly a great way to improve yourself and give yourself a true advantage over the competition. Lovely post.

    Jaclyn
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