You most-definitely will. But, don’t take our word for it. A Metrix Global study found that executive coaching has a 788% return on investment (ROI). The International Coaching Federation (ICF) reports an increase in individual performance of 70%, including higher goal attainment, clearer communication, and higher satisfaction.

Here’s another way to look at it. If you don’t invest in your new executive and he/she “isn’t ready”, the organization will be faced with the high costs of:

• replacing the executive in 18-24 months and likely paying a higher salary and recruiting fees to hire externally
• major delays in strategic initiatives being completed and delivering on their intended outcomes,
• loss of talented subordinate team members who lose faith in upward mobility opportunities,
• low employee engagement scores from teams that are simply frustrated working for the struggling executive, and
• marginalized cohesion, impact, and collaboration of the senior leadership team.