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Thursday, December 17, 2015

What Are the Benefits of Coaching? For Individuals and Organizations

Professional Effectiveness

Professional Effectiveness

By Julie Cohen, Professional Certified Coach

Working with a Coach provides significant tangible and intangible benefits for individuals and organizations. Some of these include:

BENEFITS FOR INDIVIDUALS

  • Create and accomplish goals
  • Attain greater job/career satisfaction
  • Determine new career path
  • Develop desired balance between work and life
  • Increase productivity
  • Receive better performance reviews
  • Enhance conflict management
  • Transition effectively to new position/promotion
  • Become more assertive
  • Manage others more effectively
  • Increase self-confidence
  • Make decisions easier
  • Become more self-aware
  • Know your road blocks/challenges and how to get through them

BENEFITS FOR ORGANIZATIONS

  • Support for succession planning; creating successful new leaders; supporting the newly promoted
  • Increase satisfaction and motivation of employees
  • Increase productive use of time
  • Gain better understanding of organizational issues (via aggregate feedback)
  • Minimize destructive conflict and easier conflict resolution
  • Increase retention of high-performing employees
  • Increase team effectiveness via more effective leaders
  • Enhance employee loyalty so they feel valued and invested-in
  • Coaching produced a 529% return on investment and significant intangible benefits to business. Including the financial benefits from employee retention boosted the overall ROI to 788%. (Source – Executive Briefing: Case Study on the Return on Investment of Executive Coaching Prepared by: Merrill C. Anderson, Ph.D. MetrixGlobal, LLC )

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