Workplace Coaching

The Importance of Workplace Coaching

“Between 25 percent and 40 percent of Fortune 500 companies use executive coaches.”
Survey by The Hay Group, International Human Resources Consultancy

Would you like a culture where there is a great sense of optimism, commitment and mutual support? Where there is an eagerness to deliver beyond expectations? Where people are goal-oriented and passionate and where individuals take responsibility and are willing to be held accountable? Workplace coaching is a well-recognised tool that can help achieve these results.

Rolling out a workplace coaching program can have an enormous impact on the individuals, teams and culture of an organisation. Whether it be leadership coaching, executive coaching, wellbeing coaching, team coaching or transforming leaders into coaches through our Coaching Skills for Leaders training, there will be a return on investment (ROI) with workplace coaching.

A 2001 study on the impact of executive coaching by Manchester Inc. showed an average ROI of 5.7 times the initial investment or a return of more than $100,000 - according to executives who estimated the monetary value of the results achieved through coaching.*

Companies that provided workplace coaching experienced benefits in the following areas:

• Productivity (reported by 53% of executives)
• Quality (48%)
• Organizational strength (48%)
• Customer service (39%)
• Reducing customer complaints (34%)
• Retaining executives who received coaching (32%)
• Cost reductions (23%)
• Bottom-line profitability (22%)

Executives who received workplace coaching experienced benefits in the following areas:

• Working relationships with direct reports (reported by 77% of executives)
• Working relationships with immediate supervisors (71%)
• Teamwork (67%)
• Working relationships with peers (63%)
• Job satisfaction (61%)
• Conflict reduction (52%)
• Organizational commitment (44%)
• Working relationships with clients (37%)

*The respondents were executives from large (mostly FORTUNE 1,000) companies who had participated in either "change oriented" coaching, aimed at improving certain behaviors or skills, or "growth oriented" coaching, designed to sharpen overall job performance. The programs lasted from six months to a year. About 60% of the executives were ages 40 to 49 - a prime age bracket for career retooling. Half held positions of vice president or higher and a third earned $200,000 or more per year.

Types of Workplace Coaching

Coaching only

• Coaching Managers & Leaders

Coaching throughout the leadership levels of an organisation (CEO, senior management, middle management, team leader/coordinator level)

• Team coaching – annual or quarterly or monthly planning sessions, staying on track, staying accountable and staying focused
• Work/life balance wellbeing coaching program – all staff levels

Coaching & Training

A workplace coaching culture can be achieved faster by combining manager coaching with Coaching Skills for Leaders Training. Imagine every leader in your organisation being coached to achieve their potential in their roles and their lives. Imagine them more committed, focused, determined and passionate. Now imagine those leaders developing powerful communication skills to get the best out of their people. It creates a wonderful ripple effect.

Book a workplace coach.

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For more information on Workplace Coaching: Call us on 1300 U COACH.