The ROI of Coaching for Leaders

People are the most important asset any organization has. It’s only sustainable competitive advantage. From the individual contributor to the team, and all its organizational levels, the benefits of investing in your workforce are very clear.

When we can determine what our team's learning gaps are, and discover weaknesses, training helps employees at every level, overcome those weaknesses and turn them into opportunities. Let's be honest, it is unlikely to find a team member who does not have some sort of weaknesses they can improve upon. And in essence, most humans are constantly seeking growth.

Training creates the foundation to excelling in job performance, which leads to happy supervisors and team members. Which as we know, leads to happy customers.

Surveys have found that 76% of employees feel that their company would be more appealing if it offered additional skills training to its staff.

With this said, I am sure we can agree that training leads to employee engagement and increase in retention.

Now what about we take it this concept up a notch and focus on executive coaching for leaders. Which is the ultimate leadership development practice.

Rabbit hole alert! Please stay with me.

Benjamin Franklin used the phrase “time is money” in his essay, “Advice to a Young Tradesman”, that appeared in

George Fisher's 1748 book, The American Instructor: or Young Man's Best Companion. With such phrase, he alluded to the fact that that time should be spent wisely so that one can earn money, and if this time is wasted, then all the opportunities to make money are lost.

If you are like me, you strongly stand behind the argument that “time is money”.

Time costs you and your company money.

Consequently, maximizing time is extremely important in all cases, whether it is your time or that of your direct reports.

If you believe that “time is money”, then you can agree that leadership must be taken seriously...

Click here to read the rest of the article published by Gaming & Leisure magazine.

Michele Kline

03/2023