Cost Effectiveness of Coaching
The keys to the cost effectivenss of coaching are numerous:
- Less costly and more proactive than medicine;
- Can be group based;
- Prevents the waste of money on preventable disease;
- Is both a training program and wellness program so budget can be split by the training and productivity department and the benefits management department;
- Once coaching penetrates the culture of a corporation, a school system, community, etc, it can begin to perpetuate through engaged citizens or mentors, which further lowers costs.