U.S. Fortune 500 points out that over 80% of executives from successful companies hire professional coaches and learn coaching skills to help enhance business performance and develop employees’ potential. Former U.S. President Barak Obama also hired a private life coach. As for how to introduce coaches into companies, interested parties are most curious about what results are achieved by companies that introduce coaches. Indeed, as far as enterprises are concerned, introducing new things that have never been tried before is considerably risky. Nevertheless, new things bring greater results than before, and only through which can the person introducing the new method be recognized for his work performance and can the company have the drive to move forward.
Let us first introduce the situation of the United States with the most active launch of coaches.
According to the survey results of LRI (LORE RESEARCH INSTITTUE), among the 300 companies surveyed in 2000, 60% introduced coaches, and 20% of the companies without coaches introduced coach plans. In particular, 400 managers from U.S. Dell accepted coaching, of which 90% were satisfied with the coaching results.
According to the statistics of Fortune Magazine, among the 500 top companies that introduced coaching, 77% were satisfied with the coaching results, indicating an active impact on the companies’ growth. The ROI analysis results show that the coaches’ ROI is 500%-1000%. Most of the companies that have introduced coaches gave recognition to the coaches’ contribution to the business revenue and said that they would continue promoting coaching activities.
According to the 2003 survey results of Fortune Magazine on 1000 companies, the results produced by the coaches are six fold the costs for launching coaching activities (Fortune 2/19/03).
According to the survey results of international survey company MetrixGloba, a cross-continental communication company Nortel Networks, which takes ups 90% of the wireless cable services share, has 40,000 employees in 150 countries. In order to train successor leaders to engage in coaching activities, the input-output ratio was 78.8%. The leaders that received coaching said the coaching enhanced their negotiation and meeting benefits and enabled them to better focus on important tasks. 80% of the people think they save at least 3-5 hours every week; 77% of the people will recommend coaching to others, in consideration of the tremendous effectiveness of coaching.
The results of MetrixGloba’s management level coaching on Booz Allen Hamilton show an 8-fold ROI.
AMA (American Management Association) conducted a survey on 1000 managers from the world’s top 500 companies and found that 52% of the managers received coaching. 62% of British companies received training over the past five years. In the United Kingdom, 77% of companies believe coaching to be an effective tool for enhancing performance; 93% of the people believe regard coaching as an important tool for leadership development.
A survey of International Coaching Federation; ICF shows the competency enhancement needs of clients receiving coaching: Enhancement of management competency（81%） Enhancement of work competency（74%） Management activity related recommendations and support（74%） Implementation of concept（68%） Goal setting（62%） Balance between life and work（62%） Stress relief（57%） Self-confidence building（52%）
The clients who received coaching were surveyed, and interesting conclusions were obtained. Question: What effect has coaching had on you? 84% of the people think the coach is someone that helps them achieve growth.
78% of the people think the coach is someone that motivates them. 56% of the people think the coach is a friend. 46% of the people think the coach is a business consultant. 41% of the people think the coach is a teacher. Question: What help have you received from the coach? 87% of the people think a coach help them get to know themselves. 60% of the people think a coach helps them with their goal setting.
57% of the people think the coach helps them find balance in life. 57% of the people think the coach helps them relieve stress. 52% of the people think the coach helps them establish information. 43% of the people think the coach helps them improve the quality of life.
39% of the people think the coach helps them improve their communication skills
35% of the people think they received the coach’s help in project execution. Other forms of help include: health improvement, career improvement, life pleasure improvement, etc.
In view of the above, the United States (as the birthplace of coaching) has achieved coaching development by leaps and bounds over the past 20 years. Coaching is an important tool for companies, organizations, personal competency development, and business performance enhancement. Its role has been solidified, and its effects have been widely recognized by the society. With the spread of coaching, richer ROI data serves as a decision-making basis for companies considering introducing coaching and has gradually become an indispensable part of business expansion business. Many large Asian companies have also introduced coaching, through which major business expansions have been achieved.
Article extracted from “Paul’s Coaching Guide”.
All coaching items and training are processes of mutual cooperation. When a company needs to make changes in culture, leap forward in team performance, better open up new markets, etc., we can provide different coaching directions to better assist in corporate development.
Corporate Culture Coaching/Business Management Coaching
In the rapidly changing environment, competitive pressures have intensified. Traditional companies’ culture has become increasingly less applicable in many areas. In our current knowledge-based society, how can we find the most appropriate corporate culture and management model? We believe that corporate culture and business management alike are a work of art, a people-oriented art, for enterprises. At present, the most effective corporate culture and management is no longer simple top-down management. Instead, it is through the way professional coaches ask questions, as well as interactions among core employees in the company that the most suitable answers can be found. In one way, companies will better understand their members; in the other, members engaged in culture and management model promotion will more than ever develop a sense of belongingness and trust.
Corporate Management Executive Coaching/ Corporate Management Negotiation Coaching
Corporate Performance Coaching/ Corporate Team Coaching/ Corporate Expansion Project Coaching
According to the survey results, of international survey company MetrixGloba, a cross-continental communication company Nortel Networks that takes ups 90% of the wireless cable services share, has 40,000 employees in 150 countries. In order to train successor leaders to engage in coaching activities, the input-output ratio was 78.8%. The leaders that receiving coaching said the coaching enhanced their negotiation and meeting benefits and enabled them to better focus on important tasks. 80% of the people think they save at least 3-5 hours every week; 77% of the people will recommend coaching to others, in consideration to the tremendous effectiveness of coaching. According to the survey results of MetrixGloba, the results of MetrixGloba’s management level coaching on Booz Allen Hamilton show an 8-fold ROI.
Even if you are already a CEO at a world’s top company, you can still have the chance to do better.
Even if you are the President of a country, you need a coach. Many U.S. Presidents hired a coach, former President Barak Obama included.
Contact us: erikongan@gmail.com
Corporate coaching project:
- Corporate Culture Coaching
- Business Management Coaching
- Corporate Management Executive Coaching
- Corporate Management Negotiation Coaching
- Corporate Performance Coaching
- Corporate Team Coaching
- Corporate Expansion Project Coaching