Industry Insights
Business Coaching: How On-boarding and Ongoing Coaching Can Make a Difference, by Leta Beam and Jeffrey Zegas. HR Pulse Summer 2007
It's a fact: coaching has proven to deliver bottom-line results. Fast Company magazine reports that 56 percent of companies surveyed said coaching is a major learning method they emphasize in their organizations, and 51 percent said their use of coaches has increased. Motorola, for example, routinely invests seven percent of payroll in coaching, and this investment has resulted in a 20 percent productivity improvement. For every dollar invested in coaching, Motorola reaps a return of $29 in incremental revenues. The authors explain how coaching is of particular value in health care settings when the new CEO is a physician with little business training or organizational leadership experience.