Benefits of Coaching

Four years ago, just 4% of small businesses used coaches. Now 20% of small business enterprises are using coaching as part of their growth strategy, with 79% of medium and large businesses in the United Kingdom currently using coaching (ref: College of Executive Coaching 2020).

Coaching programmes can provide cost-effective benefits to business by focusing on the development of the individual and the team by changing an aspect of behaviour or removing blockages to performance.

A 2001 study of Fortune 1000 companies using coaching found executives reported the following benefits to business;

• 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%)
• Working relationships with their direct reports
• Working relationships with their manager
• Team-building
• Reduction in conflict
• Business Relationships with clients

Business Benefits

• Improve productivity by removing blockages to individual or team development
• Build resilience by creating understanding, support and development strategies
• Train, develop and retain future leaders
• Improve under-performers, encourage peak performance, and retain high performers
• Develop key skills of an individual or team
• Prepare staff for the challenges of management
• Exploration of values and motivations leads to increased understanding and fulfillment at work
• Create trust and engagement by investing in the mental health and wellbeing of employees
• Improve employee / organisation relationships
• Create a supportive organisational culture
• Develop/improve coaching skills as a manager or mentor

Contact us now to find out more about how we can help you.