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 BUSINESS COACHING IS EXPANDING
Business coaching is an expanding industry – 58% of organizations say they have
increased their use of coaching in the past year.
Coaching utilization is increasing because it is a cost effective means of achieving
phenomenal results for teams and businesses. Organizations are asking can we afford
not to use coaches?
A POWERFUL TOOL FOR BUSINESS
There is increasing evidence that coaching is one of the most powerful ways of
developing people and adding to bottom line business performance. A study of Fortune
1000 companies using coaching showed these percentages of executives reported the
following benefits from the coaching they received:
- An increase in productivity (by 53%)
- Increased customer service (by 39%)
- Increased retention of senior people (by 32%)
- Reduction in costs (by 23%)
- Increased bottom line profitability (by 22%)
A BENEFIT FOR THE INDIVIDUAL
The same survey reported that the individuals who received coaching saw
improvement in:
- Working relationships with their direct reports
- Working relationships with their manager
- Team-building
- Reduction in conflict
- Business Relationships with clients
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