Surveys & Analysis
Overall Satisfaction and Positive Impacts of Business Coaching
In fall 2008, the International Coach Federation conducted a worldwide study with 1200 clients from 64 countries about the satisfaction and positive impacts of business coaching. The annual 2007 income of these clients was US$ 128 500 on average. All had a formal, on-going relationship with a coach with an average duration of 12.8 months. Over 85% of these respondents had undergraduate degrees and 45% had Master's degrees or higher.
Overall Satisfaction with Coaching Experience
- 81% were very satisfied
- 18% were somewhat satified
- 96% would repeat the experience again
Overall Positive Impacts of Coaching
- 80% self-esteem / self-confidence
- 72% communications skills
- 71% interpersonal relations
- 70% work performance
- 67% work / life balance
- 63% wellness
- 62% career opportunities
- 61% personal organization
- 61% business management
- 57% time management
- 51% team effectiveness
- ...
Source: ICF Global Coaching Client Study (June 2009)
Return on investment
In the International Coach Federation Global Study mentionned above, PricewaterhouseCooper and Association Resources Centre firms have established an average 787% return on investment with business coaching. The ROI was 456% on a personal basis and 1150% on a corporative basis.
Source: ICF Global Coaching Client Study (June 2009)
A Fortune 500 firm and Pyramid resource Group, a coaching service company, engaged MetrixGlobal LLC to determine the return on investment for an executive coaching program. The Bottom Line: Coaching produced a 529% return on investment and significant intangible benefits to the business.
Source: MetrixGlobal LLC (November 2001)
Fast-growing demand for business coaches
Although business coaching is rather new in Quebec, it is increasing at a rapid rate around the world, as statistics show:
- Annual spending on business coaching in the United States is estimated at $1 billion.
Source: Harvard Business Review (November 2004)
- Use of business coaching is widespread in UK organizations, with almost 9 in 10 respondents reporting that they now use business coaching in their organization (88%).
Source:University of Bristol Newsletter (2005)
- The Australian Institute of Management indicates that 70% of its member companies hire business coaches.
Source:Inside Business Channel 2 (July 2006)
- A recent study estimates that 40,000 people in the United States work as coaches and the $2.4 billion market is growing at a rapid rate of 18% per year.
Source:Market Data Report (2007)
- Coaching is the second-fastest growing profession in the world, rivaled only by information technology.
Source:National Post (April 2007)