Intentional Harmony Coaching | Logical Harmony Consulting
Corporate Coaching- Why hire a coach?
A 2008 study by Gallup Healthways shows that happy employees mean better bottom-line results for companies. Employees who score low in “life satisfaction,” a metric that is rigorously tested and widely accepted, stay home an average of 1.25 more days a month. That translates into a decrease in productivity of 15 days a year.
Researchers at Gallup also found that retail stores that scored higher on employee life satisfaction generated $21 more in earnings per square foot of space than the other stores, adding $32 million in additional profits for the whole chain.
A study featured in the Journal of Public Personnel Management found that training improved managerial productivity 22.4% while training plus coaching improved productivity 88%.
When the vision, mission and culture of an organization are in alignment with an individual's values and professional goals, the employee is more engaged with the organization, is more productive, effective and happier at the job. As a result, retention and productivity issues are minimized or eliminated.
How much are unhappy employees costing you in lost productivity?
How much will it cost to replace employees who leave due to low life satisfaction?
How much does it cost when your leadership is blind to morale problems and people leave as a result?
How do you ensure a high-potential employee is ready for the responsibilities of the next level?
How much is a happy, productive and engaged employee really worth?
According to a Manchester Consulting Group study of Fortune 100 executives, the Economic Times reports “coaching resulted in a ROI of almost six times the program cost as well as a 77% improvement in relationships, 67% improvement in teamwork, 61% improvement in job satisfaction and 48% improvement in quality.”
And a study of Fortune 500 telecommunications companies by MatrixGlobal found executive coaching resulted in a 529% ROI.