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To explore quantifying the value of digital coaching, CoachHub commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment enterprises may realize by deploying a Coaching Platform.
Net present value (NPV) over three years
Return on investment
Cost savings linked to employee retention
This study provides a framework to evaluate the potential financial impact of CoachHub on their organizations as well as insights that articulate the benefits, costs and risks associated with an investment in people development.
“The effectiveness of the coaching allowed organizations to offer a better workplace environment and support system for staff. Creating an encouraging and supportive workplace environment improved morale and communication and offered an overall better employee experience.”
This study reveals how employees and the organizations were able to benefit from CoahHub’s Coaching Platform and resolve potential concerns proactively. Benefits include:
Improved employee efficiency
HR time savings of 1 hour per coachee
Employee retention improvement of 3% to 5%
Companies who use digital coaching experience a wide-range of advantages that impacts impacts each individual throughout the enterprise.