MindGym research: does executive coaching really deliver results?
Coaching is a burgeoning industry, accounting for £11.5bn of business spend each year – and with an annual growth rate of 6.7% it’s showing no signs of slowing down. The average company spends £270,000 annually on coaching, and the average hourly rate for an executive coach comes in over £1,000. But is all the investment delivering against organisations’ needs?New research from MindGym shows coaching delivers highly variable results – reported improvements range from 3% to 97%. What’s more, the impact of coaching done badly can be seriously detrimental for companies and