ICF Annual Report 2016 | Page 14

Research HCI Research Building a Coaching Culture with Managers and Leaders In partnership with Human Capital Institute The Global Association for Strategic Talent Management 2016 ICF Global Coaching Study The 2016 ICF Global Coaching Study, based on a 2015 survey commissioned by ICF and conducted by PricewaterhouseCoopers (PwC), uses information and insights from more than 15,000 professional coach practitioners and, for the first time, managers/leaders using coaching skills. Findings from the data collected in 2015 were rolled out during the third quarter of 2016. Building a Coaching Culture with Managers and Leaders Conducted in collaboration with the Human Capital Institute (HCI), this is a continuation of ICF and HCI’s suite of ongoing research on the building blocks of a strong coaching culture. The results were based on a survey of 879 managers, leaders and other professionals working in the human resource, talent management, and learning and development functions of their organizations. Key takeaways: • The profession appears to be growing, with an estimated 53,300 professional coaches generating approximately $2.356 billion USD in annual revenue/income. • Both coach practitioners (77%) and managers/leaders using coaching skills (72%) agree that people and organizations who receive coaching expect their coaches to be certified/credentialed. • Globally, 62% of coach practitioners mentioned one of the four Business Coaching specialties (leadership, executive, business/organizations, small business) as their main area of coaching. • The main opportunities for coaching were identified by coach practitioners as an increased awareness of the benefits of coaching (38%) and the emergence of credible data on the ROI/ROE from coaching (26%). • When looking at the biggest obstacle for coaching, the main concern expressed by coach practitioners was untrained individuals who call themselves coaches (44%), followed by marketplace confusion about the benefits of coaching (28%). Learn More Key takeaways: • Organizations with a strong coaching culture report recent revenues above that of their industry peer group (51% compared to 38% of other responding organizations) and experience higher employee engagement (62% and 50%, respectively). • Among the three coaching modalities discussed in the research (i.e. external coach practitioners, internal coach practitioners, managers/leaders using coaching skills), it was determined that organizations with a strong coaching culture were far more likely to have presence of all three modalities (64%) when compared to other responding organizations (33%). • Eighty-seven percent of respondents in organizations with strong coaching cultures report that their decision to train for managers and leaders to use coaching skills has been instrumental to their strategic success in building a coaching culture. • Establishing trust and practicing active listening were among the core competencies rated most important by managers and leaders using the coaching skillset. Learn More WE ARE ICF | 2016 Annual Report 14