Recently I read an short article by Christopher Mims on Quartz about Why Executive Coaching is Worth $500 an Hour. The quote below bottom-lines it for you, and for more details you can click through to the Journal of Positive Psychology or the HBR article he quotes from 2009 called What Can Coaches Do For You? The image posted below is from that article as well.
The most comprehensive and rigorous meta-analysis of professional coaching ever conducted was just published in print, and the results are unambiguous: Coaching in a businesses context “has significant positive effects on performance and skills, well-being, coping, work attitudes, and goal-directed self-regulation.”
Writing in The Journal of Positive Psychology, Tim Theebooma, Bianca Beersmaa and Annelies E.M. van Vianena of the Department of Work and Organizational Psychology at the University of Amsterdam conclude that “In general… coaching is an effective tool for improving the functioning of individuals in organizations.” That’s good news, considering that, as the authors note, coaching is a $3 billion a year industry worldwide, and, as the Harvard Business Review estimated, the median rate for an executive coach is $500 an hour.