When budgets are tightening in this economic challenge, what are the benefits of investing in Executive Coaching?
Why have Executive Coaching, at a challenging time, when the pressure is on to cut training budgets? In research undertaken by McGovern et al, it was estimated that the value of coaching can be placed at 5.7 times the cost of the coaching, in terms of increased productivity. High performing individuals are under a lot of pressure and lack support at that level. Coaching helps them to perform even better and feel supported.
Executive Coaching can also bring about a reduction in sick days (through stress), and the cost of replacing executives, should they have decided to leave through lack of job satisfaction. If you are considering your Corporate Social Responsibility or Investors in People status, then Executive Coaching is an excellent investment.