Is Executive Coaching worth it when you are a private individual? Yes, absolutely. Is executive coaching worth it when you are a large organisation? Yes, completely!
Corporate Executive Coaching
Here I am going to give you an example business case for an organisation I have worked with.
I am not going to tell you about all the soft benefits of executive coaching although they are worth so much more to the individual, staff, and organisation. I could talk to you for hours about my personal experiences of transforming people’s lives with executive coaching. But instead, here are the numbers:
|Project Stalled and delayed 6 months||1.6M|
|COO had to lead project rather than hand over to Exec||50k|
|Recruitment of 3 new staff members due to low morale||150k|
|Loss of Knowledge Cost 3 months further delay||50k|
|Cost of Coaching||Tiny!|
Cost of Coaching
Comparing the costs of a delay in a project as the Executive needs support to the coaching costs is such an easy sell! For the organisations I work with, we think we offer at least a 10:1 return on investment for those Executives. We have shown some figures here but giving your staff:
- new ways of working that can transform internal relationships.
- creating real, measurable action plans to support fixing the changes.
- transformational management and communication tools to work better with their peers or on projects.
- therefore deliver improved performance across teams and business layers.
it is easy to see why Executive Coaching works for organisations across the world.
Personal Executive Coaching
An even easier sell if you want personal coaching for a new role. Please see the next blog for more details but again, the return on investment shows that the first months wage increase more than covers the costs. Easy to sell!
Please contact me if you would like to discuss the Executive Coaching Packages and you can see the Executive Coaching is worth it!