A recent survey from Helen Tuddenham Consulting, “Nurturing And Retaining Talent”, discovered that only half of organisations had tried Executive Coaching as a means to solving their leadership and business challenges.
The reasons given for not investing in executive coaching varied but included cost, expected return on investment, and whether it would work in smaller organisations.
Other barriers preventing organisations from proceeding include confusing and off-putting terminology, difficulties finding high-quality coaches, and a lack of accreditation and regulation in the sector. A small minority in our survey also had experience with clients not engaging in the coaching process.
Yet, for those who take the plunge, the results can be transformative. Every organisation that had used executive coaching in the survey had seen benefits, and nearly half had seen direct increases in profitability as a result. This is backed up by other research showing that when done well, executive coaching can produce tangible benefits to a company's bottom line. MetrixGlobal found that this return could be up to 529% in some circumstances.
To support organisations wanting to take the plunge and reap the benefits for themselves, we have published a guide that addresses some concerns and myths, explains the factors you need to consider, and takes you through a step-by-step process for making the most of your investment.
Although the original research was with professional services firms, “Transforming Leaders: A Practical Guide to Coaching for Organisations” is designed for businesses of any size or industry that have yet to embark on their coaching journey.
You can download a copy of the report here or to find out more, get in touch using the details below.
helen@helentuddenhamconsulting.com
www.helentuddenhamconsulting.com/for-organisations
