Let’s reflect on your career and the choices you have made, or could have made. What could be different if you achieved your goals faster or if you had someone supporting you to Boost Up your career? Ultimately, only you know whether your goals are worth the cost of getting to where you want to be.
A scientific way to answer is by calculating the ROI. ROI figures for executive coaching have been reported between 500% and 700%. However, ROI can be impacted by a number of factors outside of the coach's control, which can make it hard to identify the exact impact of coaching. As ROI is calculated retrospectively and is subjective there will likely be a variance in results that will also be subject to cognitive bias.
On an individual basis, an unbiased method is to examine the degree to which the coaching objectives were achieved.
According to the Institute of Coaching, over 70% of those that receive coaching showed an improved work performance and better communication skills, with 86% of companies stating that they feel they gained their investment back and more.
Finally, for the coaching to be successful and for you to get the best return on investment, it is essential that you invest time and ensure full engagement into the process.