Transformation Blog

Warren Gamaliel Bennis was scholar, organizational consultant and author, widely regarded as a pioneer of the contemporary field of Leadership studies.

He was named as one of the top ten most sought speakers on management in 1993 by Wall Strett Journal; as "dean of leadership gurus" in 1996 by Forbes, as one of the top ten thought leaders in business by Business Week.

Warren said:

''Coaching will become the model for leaders in the future. I am certain that leadership can be learned and that terrific coaches...facilitate learning''

I am certain many people/ organisation wonder what ROI (return on investment) of Coaching their Leaders is.

Here are few numbers from researchs that can help you understand Why Coaching Leaders/Managers are Highly important for any organisation to grow and achieve their organisation goals:

1. 70% of the variance in team engagement is determined solely by the manager, Accordinig to Gallup research report

2. 58% of employees who quit a job say their managers are the main reason they left, according to study by the Society for Human Resource Management => People leave managers, not companies

3. Turnover costing U.S. employers more than $223 billion over the past five years, according to study by the Society for Human Resource Management

What's about experienced from Leaders who had been through coaching engagement/ journey?

1. ROI (%) of Executive Coaching = 545% , according to survey by Manchester, Inc. of 100 executives, most from Fortune 1000 companies.

2. “A Fortune 500 firm engaged Metrix Global LLC to determine the business benefits and return on investment for an executive coaching program. The bottom line: coaching produced a 529% ROI (that’s $5 for every $1 spent on coaching) as well as significant intangible benefits to the business. When the financial benefits of employee retention were rolled into the mix, the ROI was nearly eight to one, or 788 %.”

3. 60% of employees in organisations with strong coaching cultures were rated as highly engaged, compared with 48% of employees in all other organisations. 63% of organisations with strong coaching cultures reported higher revenue growth among their industry peers, According to a 2015 HCI/ICF study,

Question:

Imagine If You /Your Leader will have a Coaching conversation with a Coach, 

What would be the Take away of the conversation?