In a global climate where company resources are under tight scrutiny, coaching is witnessing exponential growth. Between 2019 and 2022, the coaching industry grew at an average rate of 6.7%, fast becoming a $20 billion dollar industry in just three years. The reason behind this huge rise is simple: coaching delivers results.
Coaching has long been recognized as a powerful tool for transforming leadership and management performance. The recent Global 2020 study from the International Coaching Federation (ICF) found that almost three in four leaders (74%) said they plan to enroll in coach-specific training in the next 12 months. Yet in an increasingly tough talent market, companies are now turning their attention to ways they can improve employee engagement, well- being, and support development at every level of their organization.
