Talent Development Leader
Find out whether the benefits outweigh the expense and effort.
Tue Jan 21 2025
For organizations, coaching leads to lower turnover rates and increased productivity. For employees, coaching increases skills, performance, job satisfaction, and engagement.
The practice, however, is a costly investment. In fact, research from ICF Global Coaching predicted that the global coaching industry reached $4.5 billion in 2024. Many companies question whether the benefits outweigh the expense and effort.
Sources
ATD, Coaching: Enhancing Leadership and Performance, 2022; DDI, Creating a Coaching Culture Is the Competitive Advantage That You Need, 2024; ICF, 2023 ICF Global Coaching Study, 2024
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