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CoachHub unveils ROI calculator to measure impact of coaching on business performance
CoachHub, a global digital coaching platform, has launched its ROI Calculator, a tool designed to help HR managers estimate the financial impact of CoachHub’s digital coaching within organizations.
The CoachHub ROI Calculator offers a high-level estimate of the financial impact of digital coaching programs, making it easier for learning and development leaders to make data-driven decisions when allocating their budget, it said in a press release.
“We understand how measuring the impact of coaching on overall business performance can be a challenge,” said Matti Niebelschuetz, co-founder of CoachHub. “Our ROI Calculator provides HR managers with data-driven analysis to allocate their budget, unlocking the full potential of digital coaching as a strategic investment for driving success in today’s competitive business landscape.”
The calculator takes into account a range of factors, including the number of coaching participants, the average annual salary of participants, employee turnover rate, the company’s annual revenue and the number of employees. Upon evaluating those metrics, a coaching ROI percentage is determined based on an estimated increase in value from improved employee performance and retention weighted against the costs of implementing a digital coaching program.
CoachHub’s global pool of coaches includes more than 3,500 certified business coaches in 90 countries across six continents with coaching sessions available in over 60 languages.
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