Return on Investment for Coaching
Partners in Thought® services and support are not free or cheap. In addition to the fees for service, you also will invest your valuable time, energy, and emotional resources to the processes. Despite the meaningful investment, we are confident that the return to you or your organization will be a high multiple of that investment. Perusing this website, you will find that Partners in Thought® coaching offers opportunities for huge gains in personal and organizational effectiveness and productivity and in personal satisfaction and happiness, as well as opportunities to prevent costly mistakes or losses.
““. . . the mean Return on Investment in coaching was 7 times the initial investment, and over a quarter of coaching clients reported a stunning ROI of 10 to 49 times the cost. [I]ndividual executive coaching clients, as distinct from corporate clients, . . . also reported a strong ROI on their coaching investment, with a median of 3.44.””
From small to big organizations, the most successful individuals and companies leverage their strengths through coaching. In the U.S., organizations invest well over $1 billion per year on executive coaching services. Some leaders have come late to the party, based on the common belief among many high achievers that they should or can do it all on their own. Chairman and CEO of Google®, Eric Schmidt, said that, although he now believes the best advice he ever received was to have a coach,
“I initially resented the advice, because after all, I was a CEO. I was pretty experienced. Why would I need a coach? Am I doing something wrong? My argument was, ‘how could a coach advise me if I'm the best person in the world at this?’ But that's not what a coach does. The coach doesn't have to play the sport as well as you do. They have to watch you and get you to be your best. In the business context, a coach is not [redundant]. A coach is somebody who looks at something with another set of eyes, describes it to you in [his or her] words, and discusses how to approach the problem.”
The astounding ROI multiples referenced in the Forbes excerpt above attest to the magnitude of improvement in both organizational and individual productivity. Additionally, independent research by PricewaterhouseCoopers reported in the ICF Global Coaching Client Study that 96% of individuals and organizations were so satisfied with their coaching experience that they would again retain a coach. The study also found the following specific improvement percentages:
