Coaching by the Numbers
If you’re not sold on why coaching is necessary, or why it’s worth your while, perhaps it is best to break it down for you in numbers.
80% of workers in the United States have reported being stressed at work – with that stress resulting in illness, turnover, time away, and insurance costs. That results in nearly $300 billion lost each year for the United States. Yes - $300 billion. Needless to say, there is an absolute need to get these numbers down. How do we do it? It’s easy: Introduce coaches into the workplace.
It may seem too good to be true – that simply putting a coach into the 9-to-5 lives of American workers will remedy the problem at hand. But there are numbers that prove why coaching is a necessity in the office – and why coaching can truly be a solution that is effective and long-lasting.
According to an International Coach Federation Global Coaching Client Study, companies that hired coaches for their employees saw a return on investment of seven times that of their original investment. This is thanks to coaching resulting in increased productivity and positivity in the workplace – with coaching kick-starting collaboration, communication, and discussion. Don’t worry - numbers can prove that, too. Of companies participating in the study, 70% saw improved work performance, 61% saw improved business management, 57% saw improved time management, and 51% saw improved team effectiveness.
So companies saw a return on investment. That is, without a doubt, great news for the companies contributing to the $300 billion lost each year. But what about the employees being coached?
That same study reported that 80% of employees being coaches saw a boost in self confidence, 73% reported they had improved relationships, 72% boosted their communication skills, and 67% were able to achieve a better work/life balance. It’s no wonder that 99% of employees said they were ‘somewhat’ or ‘very satisfied’ with the overall experience.
The choice is yours. Do you want to be a part of that 99%?