5 Key Benefits of Corporate & Executive Coaching Reported by Fortune 1000 Companies

In your company have you ever hired a corporate, an executive or a business coach?

If the answer is “Yes”, what were the results of this decision for your business?

If the answer is “No”, then please read the below:

There is increasing evidence that coaching is one of the most powerful ways of developing people and adding to bottom line business performance.

Between 25 and 40 percent of Fortune 500 companies use executive coaches, according to the Hay Group, a major human-resources consultancy. A study of Fortune 1000 companies using coaching showed these percentages of executives reported the following benefits from the coaching they received:

  • 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%)

An international study of the last year showed that 79% of medium and large businesses in the United Kingdom reported using coaching.

Curious about learning more about how your company can benefit from corporate and executive coaching? Check this post where I reveal all the details.