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Blue chip companies like Coca Cola or Google know the advantages of coaching and its effective way to improve employees’ performance.
Coaching is a type of Human Resources Development. It deals with employees in a supportive and positive way to enhance their personal effectiveness within the business. There are three types of coaching within the business environment: executive coaching, corporate coaching and leadership coaching.
Coaching enhance motivation, leadership skills, management skills, interpersonal skills, personal growth, business agility and functional credibility.
But, what makes coaching so successful?
The secret of coaching success is its return-on-investment. An independent survey was carried out by The Manchester Review to quantify the impact of executive coaching practices in the company. That survey was called ROI (return-on-investment)
The results revealed that the return-on-investment was six times its initial cost. This is the reason why so many important companies are now into coaching.