When
building your business after executive coaching certification, life
coach training, career coach certification, business coaching
training,
there
is more than one bottom line to consider when measuring ROI: both the
intangible (qualitative) and the tangible (quantitative) impact are
equally important. Additionally, there are multiple outcomes of each
type.
Intangible
benefits from coaching following executive coaching certification,
life coach training, career coach certification and business coaching
training include enhanced inter-personal relationships, a more
positive attitude, improved process for strategizing and decision
making, and a greater level of awareness. The intangible
ROI is
unique to every coaching situation because what the coachee learns
and changes is different. A note: the comfort level of the coachee
with their coach impacts the benefits.
The
tangible ROI from coaching after executive coaching certification,
life coach training, career coach certification and business coaching
training can be quantified through numbers and formulas and it also
varies based on the coaching situation. For example, in a business
setting, bottom line measures may include productivity, sales, and
turnover
costs.
The tangible number, how much achieving the goal changed the bottom
line, is divided by how much the coaching cost in terms of hours
spent plus dollars invested.
A
best practice for measuring ROI in coaching is to talk with a sponsor
and / or with individual coachees prior to starting the coaching
relationship(s). In the conversation, ask what they want to gain from
the coaching
and
ask how they want to measure it. Then, throughout the coaching
relationship, check in with them on whether they are gaining what
they want from the coaching. When a sponsor or coachee focuses on
only tangible or intangible benefits, then ask questions about the
other type too.
No comments:
Post a Comment