Coaching is one of the 'in things' at present, but does it actually work?
In short, Yes! There are numerous well-documented studies which prove that coaching and mentoring, when done properly, significantly increase personal and organizational performance. Louisa Zhou quotes several such studies, including a 2020 survey of >22,000 coachees by the ICF, and notes the following:
96% of individuals and companies who hired a coach said they would repeat the process.
86% of companies that calculated their return on investment at least made back their initial investment or experienced a positive return with a median ROI of 700%.
A survey of 100 executives showed that the average ROI of executive coaching was almost 6x the investment.
75% said that the value of executive and leadership coaching is “considerably greater” or “far greater” than the money and time invested.
80% of coachees reported increased self-confidence (in addition to other benefits experienced by themselves and others).
92% of small business owners agreed that mentors had a direct impact on their survival and growth.
62% of employees in organizations with a strong coaching culture rate themselves as highly engaged (other studies typically show an average of 10-20% levels of high engagement across all organizations).
You can see more facts and figures here: https://bit.ly/3wKy0Hg
Aspire MCL's Principal Consultant, Ian Kirkby, is a certified NLP Business Practitioner with extensive experience in coaching and mentoring to build high-performance leaders and teams in diverse cultures and organizations of all sizes.
Call us on 020 3904 7501 or email firstname.lastname@example.org to arrange for a no-obligation consultation to discuss how coaching and mentoring can help you and your business unleash your potential.
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