Conducted between late June and mid-July 2021, Sounding Board partnered with Chief Learning Officer (CLO) magazine to explore how companies use professional coaching for leadership development and measure the business impact. Feedback from more than 450 learning and development (L&D) practitioners revealed that while 72 percent of organizations report offering some form of leadership coaching, the global economic downturn and shift to a more remote, distributed workplace model has many organizations looking to increase their investment.
Eighty percent of organizations reported that their principal need for leadership coaching is to improve skills for specific individuals, as developing leadership bench strength, increasing employee engagement and retaining key talent have become increasingly important in the current labor force. To support these needs, 67 percent use a mix of internal and external coaches, 23 percent depend on internal coaches and 10 percent rely entirely on external coaches.
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