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Employers See $7 ROI for Every $1 Spent on Leadership Programs, Report Says
Leadership development investment varies by industry, including the amount and who receives training and coaching.
October 16, 2023
1 Min Read
Yuri Arcurs/Alamy Stock Photo
HR Dive
When businesses invest in coaching programs for employees, the average return on investment is $7 for every $1 spent on leadership development, according to a Sept. 21 report from BetterManager, a leadership development platform, and research firm The Fossicker Group.
The ROI appears to stem from increased revenue and sales as a result of leadership development participation, as well as cost savings through higher employee retention and lower recruiting costs.
“Countless qualitative studies have shown that the benefits of leadership development ripple out across the entire organization,” John Topping, president and COO of BetterManager, said in a statement.
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