As a professional career coach for over a decade, I make it my business to study the trends of the “employment” business. If that sounds odd to you, you’re not alone, in fact my parents are with you. Until I became a published author last year, my parents had such a hard time explaining what I did, much less understanding it, that my mom would regularly as how my job search was going! (Don’t tell them but I have a job…that I love, as a career coach.)
Career Coaching: Does It Work?
Yes. Did you expect me to tell you otherwise? On a serious note, it does work and in a variety of ways. According to a study conducted by Metrix Global , the ROI of executive career coaching exceeding 500%, excluding “significant intangible benefits”. In other words, for every $1 you pay out, you receive (or save, which is the same thing) $5 in return for that investment. If that sounds high to you, I thought so too which is why I did an investigation of my own.
- 81% have landed interviews and moved on to the second phase of the hiring process
- 19% landed new jobs with an average increase in base salary of 14.5%
- 8% landed new jobs with equal base salary compensation
- 99% used the new market-focused job search tools created for their search to achieve these results
If money was everything in life, I would never have become a career coach or published author. The intangible benefits are what get keep us happy, strong, committed and smiling on days when life seems bleak or when – as a struggling entrepreneur you’re eating the same dinner three times a week. These are the intangibles. Study after study, from the Society of Human Resources Management to the International Coaching Federation and Metrix Global, prove that intangibles benefits rank higher to individuals than increased compensation. In two of these studies, survey’s respondents cited:
- 52% increase in self-confidence
- 60% increase in personal and work productivity
- 53% increase in career satisfaction
Coaching ROI Exists, Now What?
Now that you know career coaching generates a 500% ROI for your financial investment, increases your self-confidence by 52% and career satisfaction by 53%, what’s next? That question is for you to answer. Are you ready for an executive career coaching? Do you want to change careers? Is it time to get inspired and engage a professional career coach? Wherever you find yourself, know that the best results come by creating a clearly defined coachable goal and connecting with the right career coach from day one.