"If ever stressed-out corporate America could use a little couch-time, it's now. Trust in big companies is at an all-time low. Baby-boomers have been burned; Gen Xers aren't expecting the corporation to take care of them. Under the circumstances, employees are far more likely to go outside and get independent advice to help them be better managers."
Karen Cates
Assistant Professor of Organizational Behavior
Northwestern University
Kellogg Graduate School of Management
"Between 25 percent and 45 percent of Fortune 500 companies use executive coaches."
Survey by The Hay Group
an International Human Resources consultancy
"Asked for a conservative estimate of the monetary payoff from the coaching they got, these managers described an average return of more than $100,000, or about six times what the coaching had cost their companies." "Executive Coaching-With Returns a CFO Could Love,"
Fortune Magazine
"Even if executive coaching costs $50K (which it doesn't), it's barely a rounding error to invest in the coaching of a key player who has responsibility for millions of dollars and for key human resources. Coaching is a success if one direct report, who used to be intimidated to speak up, comes up with an innovative idea."
An Anonymous CEO
Fortune 100 Company
"Justin Yaros, CIO at Los Angeles-based 20th Century Fox, took this advice a step further: He hired an executive coach when he first became CIO. He says the coach gave him useful advice on how to handle the job of CIO and how to develop a leadership agenda. He found it so helpful that he hired her to coach some of his direct reports as part of an overall leadership development program."
CIO Magazine
"Corporations believe that coaching helps keep employees and that the dollar investment in it is far less than the cost of replacing an employee."
David A. Thomas
Fitzhugh Professor of Business Administration
Harvard Business School
"What exactly is a coach? Part personal consultant, part sounding board, part manager. Yes, manager. Remember him? That person whose job used to be to advise, motivate, and train-but whose nose is now mostly stuck in e-mail? For a surprising number of people, it is now the coach-not the boss-who pushes them to hire, to fire, to fine-tune a sales pitch, to stretch."
Fortune Magazine
"We've done lost of research over the past three years, and we've found that leaders who have the best coaching skills have better business results."
Tanya Clemens
V.P. of Global Executive
Organizational Development at IBM
"The goal of coaching is the goal of good management: to make the most of an organization's valuable resources."
Harvard Business Review
"The leaders of organizations such as Alcoa, American Red Cross, AT&T, Ford, Northwestern Mutual Life, 3M, UPS, American Standard, the federal governments of the United States and Canada are convinced that coaching works to develop people and increase productivity."
C2M: Consulting to Management
"People who want to stand out at work or face a job crisis increasingly turn to career coaches."
The Wall Street Journal
"Once used to bolster troubled staffers, coaching now is part of the standard leadership development training for elite executives and talented up-and-comers at IBM, Motorola, J.P. Morgan, Chase, and Hewlett Packard. These companies are discreetly giving their best prospects what star athletes have long had: a trusted adviser to help reach their goals."
CNN.com
"Coaches are everywhere these days. Companies hire them to shore up executives or, in some cases, t ship them out. Division heads hire them as change agents. Workers at all levels of the corporate ladder, fed up with a lack of advice from inside the company, are taking matters into their own hands and enlisting coaches for guidance on how to improve their performance, boost their profits, and make better decisions about everything from personnel to strategy." Betsy Morris, "So You're a Player. Do You Need a Coach?".
Fortune Magazine
"Metropolitan Life Financial Services offered an intensive coaching program to part of its retail sales force. They found that productivity among those salespeople coached increased by an average of 35%, while 50% identified new markets to develop. Perhaps most important, Metropolitan has retained all of the salespeople who had the coaching-a big deal, since industry statistics show that each representative who leaves a company with three years' experience cost $140,000 to replace. In all, the coaching program which cost about $620,000, delivered $3.2 million in measurable gains: A 5.16 ROI."
Journal of Management Development
"Executive Coaching: An Investment in Creating Masterful Leadership,"
The Rowell Consulting Group
"Using (coaching) instead of sending executives and managers to seminars two or three times a year can be more beneficial to ongoing career development, not to mention less expensive…" Coaches Pump Your Career into Shape."
PC Week Magazine
"Coaching can be an effective means of improving business results while also contributing to executive development. Good coaching affords 'protean learning' for executives, resulting in greater self knowledge, new perspectives, improved performance and greater adaptability."
Organizational Dynamics
"Executives and HR managers know coaching is the most potent tool for inducing positive personal change, ensuring better-than-average odds of success and making the change stick for the long term."
The Ivy Business Journal
"Across corporate America coaching sessions at many companies have become as routine for executives as budget forecasts and quota meetings."
Investor's Business Daily
"I see coaching as a gift and a positive and energizing experience which above all enables an executive to shake off what may in fact be deeply held automatic beliefs and behaviors that are inhibiting performance and career development. I spent twenty-six years at my previous employer and my confidence increased so substantially as a result of coaching that I declared an ambitious commitment to the directors to win additional business. I estimate that I was able to add more than 15 million of extra value through interventions I initiated directly linked to what I had learned in coaching."
Anonymous
Having your FREE conversation with a business coach is a $500 value.
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