Not long ago corporate coaching was the reserve of Directors and Senior Managers, these days coaching is available to everyone as a personal development tool. Many enlightened companies are engaging coaches and are finding that coaching is very cost effective and delivers excellent results. These results include increases in profitability, performance and productivity, as well as decreases in internal conflicts and problems. Developing a coaching culture will also attract and retain better employees and clients.
A study by the International Coach Federation, employees reported a range of benefits from those who use coaches in the workplace.
- Increased self awareness 68%
- Better goal setting 62%
- More balanced life 61%
- Lower stress level 57%
- Enhanced self discovery 53%
- Increased confidence 52%
- Improved quality of life 43%
- Enhanced communication skill 40%
- Increased project completion 36%
- Improved health or fitness level 34%
- Better relationships with colleagues 33%
Coaching is particularly powerful when linked with change programmes, supporting employees to adapt to and accept change. Performance Management and Coaching for instance are closely linked. Corporate coaching is aligned with the organization’s strategic plan and objectives. It provides a means to strengthen current practices ensuring that both individuals and teams stay on track. Coaching helps the bottom line by allowing workers to contribute sooner, and to reduce employee turnover. Corporate objectives are achieved faster allowing for greater competitive advantage.
Corporate coaching can improve ROI on training by ensuring that learning is embedded and effectively put into practice back in the workplace. Studies show that training can improve productivity by 22% while training together with coaching can improve productivity by 88%.
Medical research suggests that up to 90% of illnesses are stress related. The CBI estimate absenteeism costs British businesses around £5 billion a year. It has been estimated that stress and stress related conditions cost the average business as much as £1,000 per employee per year. Coaching and (Neuro-Linguistic Programming) NLP provide a powerful combination for managing stress in the workplace.
Real Performance Plus provides coaching that can take place with individuals or teams. Face-to-face coaching can be supported by telephone and e-mail contact. We can work to provide long term support, or be brought in to accelerate a change programme or a specific project.
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